@Lucas SchlundI just read an interesting article about the Detroit STR market environment on Steadily’s blog.

Rents for long term have been steadily increasing for years here, but you're right, they do top out at some point.

They spooked the bond markets causing a sell off in treasuries, that's why since September 15th the 10Y treasury yield has risen by 100bps.

There has been an increase in gurus selling seller financing training programs because interest rates have risen.

Prices in CA have risen significantly and consistently for 100 years now similarly to NYC, Miami or Other hotspots where people want to be.

We can likely agree that the market has been "increasing" steadily over the past decade.And as a last ditch strategy, ask the Buyer to work with a different lender (I'll do their loan if they want) and the new lender will order their own appraisal.

I rented the property for 3 years while property value steadily rose.

The average listing price has risen 71% since the third quarter of 2023The second hottest ZIP code in the metro is Driftwood’s 78619Surprisingly, the third hottest neighborhood was 78664. 

I am now in my 2nd year of trying to lease out the property and I might have to rent it out for 2000-2200(approaching two months on the market)based on a saturated market, also my PITI has risen to 2320.

I currently live in Modesto Ca and prices have definitely risen i think i might have to switch gears and dive in to whole selling.