Economic decline doesn't always stop at the city line.

The applicants reports came back with a "decline" recommendation while the Co-Applicant's (husband) report haven't been responded to yet.  

Not disagreeing with anyone but to me it seems markets make new highs or they get obsolete.. like Detroit or Rochestor or Buffalo where I suspect prices peaked in the 80s and 90s and have been in steady decline every since.. ?????  

If rents are in a downward trend, then your property might suffer from declining rents as well.

Doesn’t matter how landlord friendly the state is if the animal is a service animal pet ADA you’re not going to collect a pet fee and you cannot decline the application based on that service animal. 

I actually declined the offering as I do not want to pay to get a job.

Unless the neighborhood is declining or you plan to change your strategy to multifamily I would not sell. 

Time, money and resources deployed in a place first perceived as "declining" - I totally hear you.

-Property values might decline and drag rents down too-(but Haslett is supported by retirees as well as its best-in-state schools)-The entire state economy might convulse as it did during the automaker exit and Great Recession-(but Michigan is still in early recovery from its major declines so it has very little space to fall further and Haslett weathered that storm quite well - using Zillow Home Price as a measure)Returning to your original two sources, the housing stock in Haslett is growing very, very slowly due to smart but strict regulation while the demand for housing is continuing to grow faster.So, all things point to growth in this tiny REI area which is best known perhaps for the Lake Lansing coastline of which supports houses ranging from 250K to 1.5M (and were these lake houses built almost anywhere in Los Angeles they would fetch prices 5 to 10 times as high - they are that great).Good luck and thanks for sharing on BP!

The city declined the Airbnb contract to collect and funnel in a "bed tax".