That is what I have done in the last three properties I have done, with no problems.

There are at least three Detroiters on this thread that have urged caution or noted this is not a great place for STR. 

I’ve worked with investors in similar markets (Providence and neighboring areas) and have seen first-hand how house hacking can be a game-changer.. even in today’s fluctuating market.A friend of mine recently purchased a three-unit property in New Bedford, MA, just a stone’s throw from where you’re looking.

The number of homes for sale in the three county area around Sacramento finally had a decrease in November 2024.

You’re the insider who can ring someone up, say you’ve got a contract on a property ripe for a cosmetic upgrade, and watch them perk up.I’d say give it a whirl, see how it feels, and don’t hesitate to tweak your approach as you learn.

I cannot recommend the three companies that I worked with (ABC Baltimore - Jay Walsh, Maverick Investor Group- Matt Bowles and Phil Alexander, and Hipster Investments- Ali Boone).

@Chris Yeung  @Julian Buick  @Steve MorrisGood morning gentleman.Just to provide clarity in this post, there are three (3) separate companies: 1) Norada Real Estate Investments2) Norada Real Estate Funding3) Norada Capital ManagementThe Promissory Notes you're referring to belong to Norada Capital Management.

Knowing the three cities mentioned is important for grading the neighborhoods and can vary street by street. 

@Wiey UnderwoodReach out to @Bernard Reisz, @Yonah Weiss and @Julio GonzalezAll three of them are BiggerPockets cost segregation experts, and each one of them operates a cost segregation company working nationwide.Also, read this post: https://www.biggerpockets.com/forums/51/topics/1075919-five-...   

I'm only guessing but based on what some of the local project managers were saying is that a typical family of four that was paying for a three bedroom cabin decided they could get by with a one or two bedroom with a loft or a pullout sofa so the demand from the larger ones went up.