The supply and demand are pretty balanced.Most of our growth over the past 5 years is from in-migration from more expensive states.

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.

The supply of rentals would be impacted, but the final impact will depend on the local market.

As Mitch pointed to, on one hand, STRs are housing supply locally and will likely get looked at. 

The seller can supply everything they used to market, pictures, ad copy, etc., but they cannot sell their AirBnB account to another person.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

For one is that an appropriate price point for the supply/demand curve intersection?

Supply and Demand11.

If they really want to pay the $10k for leads that we supply.

Here’s how it works:Population Decline or Stagnation: If the population is static or shrinking, the current housing supply meets demand, and property prices decline (in inflation-adjusted dollars).