We have been in a housing recession (arg, 2022) with regard to inventory and we do require inventory to increase to the mean, to return to a more normal market.

If we receive any applications for Certificate of Ownership, prior to the moratorium taking effect, the application fee has increased to $750.00.

If you are a real estate professional, you may potentially be able to buy some rental properties, perform cost segregation studies and eliminate the taxable income.The issue, is in a couple more years, your PM company will likely be more profitable and you will have rental proprties with reduced depreciation, further increasing your tax burden.

Part of me thinks it will make my property stand out, decrease vacancy, and increase rent.

So, if you can manage to find the money for even a SMALL BRRRR and execute it well your capital can increase to do slightly larger and larger projects as you complete each deal. 

It has been booming for the past couple of years with strong job growth and population increase.

Ohio as a whole is a very landlord friendly state and is one of the most attractive markets in the U.S. for out-of-state investors. 

Rather than second-guessing "what is the new hot STR market" as I see many do - I may be biased - I believe it makes more sense to invest the time in figuring out how to succeed in a year-round market which is proven to attract tourists year after year.

It is very easy to get to market rents and increase cash flow if we place new tenants.

To increase property value and cash flow.