But I get it in the lower value assets of the mid west and rust belt cities wholesalers dominate because they spend 100s of thousands in marketing for those type of assets..

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Many people get bored after a week or two and won't want to stay longer as there are hardly any cities and not much happening and there's so much jungle you can look at in a day (it's a great place for quiet retirees).

@Joseph Gary there are Class B Neighborhoods in Detroit and most of the Ring Cities (suburban cities touching Detroit) are now Class B.We've got it all mapped out @ our website.DM us if you'd like to discuss more:)

Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

Population and economic growth, strong tourism, proximity to other New England cities.

Here's the link for your city https://www.furnishedfinder.com/stats?

That's because the city won't calculate the actual amount till a structure is built, aka it's not just a plot of land anymore.This will obvious cause your property tax bill to go up and also your mortgage escrow account as well (sometimes these things can make your mortgage shoot up a few hundred a month). 

I work as an acquisitions associate with BPG Holdings, a local real estate investment fund in Alexandria, and also work as a realtor for our fund's brokerage team, assisting clients with investment properties in the D.C. metro area.I've recently created a series of reports focused on the city of Alexandria and its sub-market development prospects, which I believe alongside other macro trends will make the city an amazing buy-and-hold investment for real estate investors.

In the interest of connecting with agents here, my interested markets are:Bloomington-Normal, ILCrescent City, CAColombus, GALouisville, KYSavannah, GA Peoria, ILMilwaukee, WI