This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).

Happy to connect and chat to provide further insight! 

I also will have a big promotion at work coming up that I will need to prepare for. 

BiggerPockets is an excellent resource to kickstart your real estate journey.I recommend that you take the time to define your financial goals and always keep learning.From insightful podcasts and informative blog posts to interactive forums and detailed guides, BiggerPockets provides a comprehensive suite of resources designed to empower you with the knowledge and confidence needed to navigate the market.

Many of the estate properties are located on lakes or rivers providing unique recreational activities.

Nothing is being added in its place, they just want "less units" which provides more open space.

It seems like a common challenge, and any advice you can provide would be invaluable.Thank you in advance for your help!

Remodeling costs increase the property’s basis, while post-rental repairs are deductible expenses in the year incurred.An LLC isn’t necessary for a single rental but can provide liability protection as your portfolio grows.

The right agent will provide a pro forma breakdown on every property they look at, have repair costs estimated, CapEx, etc...

or options 3, 4 and 5 don't supply washer and dryers and either the tenant provides their own, rent appliances or goes to community laundramat.