It is right in the heart of Salem's downtown and steps from the Historic Salem Common.

Some coastal cities that were historically very welcoming to vacation rentals (like Rockaway Beach OR) have recently passed new CAP's or rules on STR permitting or vacation rental licenses.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Historically (with some exceptions), there were two categories of syndicators: (1) The Sponsors who would raise "friends and family" equity and (2) Sponsors  who would raise capital from family offices,  pension funds, insurance companies etc. 

These two factors lead to historical higher default rates.

I'm an experienced investor, agent, and a project manager for an established general contractor, focused mostly on historic preservation, custom homes, and investment properties (flips and holds). 

Research local market data, historical price trends, and future development plans.

Assess historical data on property appreciation, rental income trends, and market stability.

That may not seem like a big jump, but a 50 basis points (0.5%) increase in the UR has historically been a very reliable recession indicator.

. - Depending on the state, you can access historical sale prices, property taxes and rental history either free or at minimal cost.