In this era of increased rates, obtaining properties that will produce a good return are harder to find and often involve quite a bit of work.  

Ithaca, 10.8% YoY housing prices increase.

We believe that we are lowering risk, increasing the average expected return, and leaving the upside unchanged.   

I also look at future development plans in the area, as new projects can increase property values and attract more renters.

From what I’ve read in The Economist, demand for “off-the-beaten-path” destinations has increased post-pandemic, as travelers seek quieter, less crowded areas.In my backyard, investors and homeowners alike are increasingly drawn to areas like Gilbert and Chandler due to their exceptional growth potential and quality of life.

That profit will increase over time and improve your return. 

Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.

This demographic is projected to keep increasing over time, so I would do whatever you can to hold onto this property (ie cash flow well).Furnishing 700 sqft with PB or West Elm (you and my wife would get along great, Bonnie) won't be price-prohibitive and well worth the cost.

Our auto coverage is now at an increased level so if this happened today it likely would not result in any involvement of the umbrella policy. 

- The increasing cost of damage repair and potential mold growth