There are a lot of much lower-risk markets that have also appreciated and are likely to continue appreciating where one can get financing and that aren’t 100% dependent on foreign investment and tourism (prone to crashing in down turns as discretionary spending decreases).

It may decrease turnover thereby reducing vacancies, but it may not. 

@Michael Elefante now that you are making money look into starting a Solo401k to decrease your taxes and defer or have future RE gains and cash flow 100% tax free.

Since ADU rules were liberalized by Seattle in 2019 (one attached + one detached allowed on any single-family lot, no owner-occupancy requirement, no restriction against separate sale). a number of spec builders in Se...

So I don't see the VALUE of houses having gone up, but I do see the PRICE of the houses having gone up because the VALUE of the money has decreased.  

Over the last year rental rates have decreased approximately 7% and with the continued development surrounding the area many renters are feeling the pinch if they want to stay in popular areas located in and around Austin.

Also performing notes can significantly impact your net worth in a positive way, remember the interest is what is paid first on the loan , your equity doesn't decrease much until much until late in the loan.

Not only could this negatively affect your cash flow, but it could also decrease the value of your property.

Akron has a decreasing population.

Secondarily, if we can have a year wherein we can significantly decrease our tax liability thought REI, we would use that year to convert some of our tax deferred investments (403b, 457b) to in-plan Roth conversions and pay the taxes on those conversions - hoping that makes sense.We are open to STR, MTR, LTR - we just want to make a wise decision that lowers our tax liability.