The market has turned and they are holding junk real estate.Who suffers?

In that sense STR investors can make markets more efficient by picking up housing units that most typical buyers look over. 

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

The CRE lending market is expected to recover gradually, with opportunities emerging as interest rates stabilize and maturing loans drive new borrowing activity.Some regional banks are certainly struggling while others are consolidating in bid to become national powerhouses.Revised CRE Lending Projections2024: 26% growth to $539 billion (down from previous 34% growth forecast)2025: 23% growth to $665 billion (slightly lowered from 24%)Multifamily Sector Adjustments2023: $246 billion (49% drop from 2022)2024: 21% growth to $297 billion2025: 31% growth to $390 billionMarket FactorsRecent moderation in interest ratesSignificant number of loans maturing soonProperty owners hesitant, hoping for further rate decreasesUncertainty persists in the market, particularly regarding interest rates and property owner behavior.

The numbers and the ability to participate in a highly underserved segment of the market with Sect 8 and Vouchers made sense.

For preliminary numbers analysis, I’m using an online calculator available at this website: https://www.calculator.net/rental-property-calculator.html.

I believe you’re intentionally misleading us so as to avoid competition and have the market to yourself.  

In general, we have found that PMs in cleveland are very expensive when compared to other markets we are in.

It could take many years, don't be like the "investors" I know who have been sitting on the sidelines since 2016 waiting for a market crash that never came. 

Hi Paul,Charlotte is considered a good market for house hacking due to its demographics, safety, and quality of life.