While history has proven that is not exactly true, it does weather downturns much better than other areas. 

I am mostly searching in NE and the south (where the weather is warmer).

Resist that.

There are sooo many syndicators out there, but 99% of them haven’t weathered a recession.

The prices for single family homes are pretty similar in Ottawa weather they are 2 or 3 bedrooms, and you can get more in rent for a 3-bedroom house without having to save as much as I would for a multi-family while I'm just getting started as an investor How did you find this deal and how did you negotiate it?

Our weather has been warming up this week but the market is still stingy on listings.

The exact amount of the tax varies, but wages will always to low compared to the cost-of-living because that is the price paid to live where people want to vacation, where the weather is as good as anywhere in the US, where you can be in the beach, mountains, and dessert in the same day, where there are world class attractions like the zoo, safari park, Sea World, Legoland, etc., where it is so difficult to increase the supply.

Obviously a property that cash flows will weather downturns in the market.

I also route buyers away from neighborhoods where I know there is subtle resistance, such as a few pockets in Scottsdale where homeowners have planted "Homes Not Hotels" signs in their yards.Having said that, there is a lot of hoopla around regulations, but when it comes time to make changes, cities have only imposed minor inconveniences, such as registering your rental to ensure you are paying transaction privilege tax and posting the name and number of a local contact who can be on the scene to respond to any noise calls made to police.Whenever there are any campaigns to limit rentals, STR owners show up at the state house to defend their property ownership rights, so regulation attempts have been limited to the kinds of overlays I've mentioned above.No one wants major party houses in their neighborhoods, so choosing your tenant type wisely and setting your STR up in a way that doesn't accommodate huge crowds is a hedge against attracting unwanted attention.As far as price points, while there are a few condo complexes that allow STRS, the majority of STR buyers are purchasing SFR with pools to maximize their revenue.

Happy to say that it has been working good so far for the last 4 years, except during COVID19 times, as we know was a bit rough..ATM I am holding just 4 SFR around Toledo, and looking to expand it, considering buying another 4 units, weather is single or duplex or triplex.I used to work with a contractor, however, he went AWOL and little to say, I haven't been able to find another one, same goes with my accountant, which I am urgent to find one.Being an out of state investor could definitely put a bit of a tricky situation if you try to build a portfolio, however, if you live at the place where you are investing, that could save you tons of money and time.