Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

There are times when the market increases or decreases rapidly.

While I'm grateful for the appreciation, there comes a purchase price for new acquisitions where the returns diminish rapidly and tougher to find properties that fit my buy box. 

Rookie real estate investor looking for some advice:I purchased a duplex in Grand Rapids, MI last October (2023).

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

I'd say one of the issues I'm having in the Sarasota/Bradenton region is the rapid changing regulations in regards to STR.

Look for a city in state that is growing rapidly - appreciation comes with that.

Louis Fed shows the delinquency rate on residential single-family mortgages, and proves there's a way to spin this data to show that delinquencies are increasing rapidly.

Great investor org in Grand Rapids, and they have their big annual event coming up in February.

Worcester/Lowell are examples a bit outside of Boston but are markets appreciating rapidly and are a bit more accessible than Boston.