As for picking a specific market - I would go after one with an increasing job and population growth.

if you have the ability to provide these appliances and  can hook them up safely and  easily -   do it and increase the rent a bit  ....if it is  challenging to get these installed / hooked up - forego the  appliances and make  rent lower for the tenants inconvenienece

I’m closely monitoring a few tenants as we speak. 1 requested to pay this Friday after payday due to a job change. 1 is $200 behind from last month. 1 got a rent increase but still has this month at the previous rate.

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

I’ve heard rates are increasing in Texas, but mine is more than doubling now.

The shorter the prepayment term has an impact on increasing the rate.4.

It really depends on the neighborhood, the type of tenants you have (and can attract) and what the financials look like on whether this situation was worth it ten years from now or not. 

The key lies in understanding how the depreciation rules apply to different types of properties and the potential tax savings they offer.For SFR and small multifamily properties, bonus depreciation and increased expensing limits can still provide significant tax advantages(currently 60% for 2024).

@Jonathan Snider another con may include the fact that you will now have multi state nexus and tax liabilities, which often times increases complexity for unaware investors

I would do 5% (ish) increases year over year until I got to the desired rate.