Mom and pop sold the park for a price that the market would tolerate.

Typically on market (retail) SFH rent is at ~0.5% rent to purchase price ratio. 

When the reference was written it was valid but since then ISSUES have come to light and I NOT LONGER WISH TO BE ASSOCIATED with this current reference!

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The rental market demand is still extremely high and there are a lot of value add opportunities, you just have to be willing to put in the work.

If you consider going north, the Manchester market has been seeing some extraordinary gains (similar for RI, though).

For years they made bank as a pioneer in the STR market.

I wish I dug into them sooner.

Some highlights of the article: - New listing increased 11.3% year over year from Jan 24 to Jan 25 - 8204 homes listed for sale in Feb by 32.7% over the year - Highest showings are Matthews, Huntersville, Waxhaw, Charlotte and ConcordEven with inventory increasing, levels are still under 3 months indicating its still a seller's market.   

Best wishes.