You can even see how long a rental listing was active, a nice gauge of the market.

I’m interested in investing in more real estate to have long term and short term rentals for passive income.

My plan there is to focus on long term rentals.

If you want 10% returns you might have to look in another market, but if you want to park some money in a solid property, as long as it generates enough to break even after all expenses, taxes, etc. to allow you to hold on to it for 5-10 years I'd bet it will do better in the long run than a 10% cash flow property in a lower end market. 

There are some crazy, super complex strategies that could theoretically work, but it's a long shot.

Does anyone here run profitable rentals (long term or short term) and would be willing to share some good locations / strategies on getting started? 

How long does their property turns usually take?  

Tenant who has been in property for 6 months came to us and wants to break his year long lease to move into another house in the same neighborhood.

As well, there is another group doing it at 90 if you wanted to wait that long. 

Long term I anticipate construction costs will generally soften as the high-rate environment continues and stifles development.