This is probably why the cities with the highest tax rates in the Cleveland market are the cities with a POS as it's driven down price points in those cities for reasons mentioned above.

@Niyi A. I

The trade off is restrictive policies that encourages form-driven transactions and discourages other activities that fall outside mainstream retain sale listings and closing.

And since these communities are STRICTLY short term rental communities the prices are driven entirely by returns, and as more and more people realize those returns are negative at current pricing, that pricing will continue to come down in my estimation.But then again, I thought prices would come down in April 2020, so this advice may only be worth what you paid for it :P

Relying on Redfin or Zillow only for data is like asking ChatGPT or AI for all the accurate answers!

To lesson my risk I typically focus on 1) Location (limited supply, growing population, growing jobs, affordable), 2) Was the underwriting conservative - most good syndicators already devalue the CAP rate when doing analytics 5 CAP at entry, 6 at exit, so all the value is driven by increasing NOI vs appreciation, 3) Already Cash flowing/CAP rates not too crazy 4-6 for a class B asset - I put 80% of my deals in cash flowing assets so you can just cash flow and hold long term if needed. 

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.

@Liam Spears it sounds like you are very driven and I wish I was thinking like you in college!

@Matt A. I

The market here is driven by supply and demand.