Today, most homeowners have a large equity cushion and foreclosure rates remain low – hitting an all-time low in 2020 with only 0.16% of homes reaching foreclosure.Buyer Demographics Work from home policies, restricted international travel, and general pandemic policies all encouraged home buyers to look for larger and nicer homes and increased demand for vacation and second homes.

I personally would be a little hesitant to do rentals there just because of the demographics.

I think I more so need to get a feel for which neighborhoods are going to be the best and really scope the demographic of each area.

The demographics of the area surrounding the property are going to be very similar to the demographics of the tenant pool.If you don’t find the surrounding area attractive, then your tenant candidates coming from that area will be mostly just like that - not attractive.

It also has full demographics, population, etc., etc...  

With all the new businesses coming into downtown Detroit, the demographics is changing very rapidly - Exodus of older-generation auto industry workers are replaced by a steady inflow of college-educated young talent into Downtown Detroit for jobs created for the new economy...Same thing started in Pittsburgh about 5-10 years ago: https://www.citylab.com/equity/2015/08/brain-gain-in-the-rustbelt/402922/2) coastal cities are getting so expensive that most millennials and Gen Z cannot afford to live in San Francisco/Seattle/NYC anymore.

I anticipate that this specific demographic will have its own challenges.

Comps are pulled from very very different demographic neighborhoods up to 2 miles away when comps were available in same subdivision.

One thing about the Temple area, while it may be lucrative in terms of an investment, the area is quite promising but it's a student demographic.  

Zoning, soil, crime, schools, demographics, wetlands, and many other considerations matter as well.When I'm looking at properties I also look at value add potential.