Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.

For example, if property values increase rapidly, the owner may feel they gave away too much, while if values drop, investors may feel short-changed.That’s a risk inherent in any long-term financial agreement, but it’s worth noting that the same dynamics apply to traditional real estate deals (e.g., buyers and sellers making decisions based on current interest rates or market conditions).3.

Market Growth: Texas cities like Austin, Dallas, and Houston have experienced rapid growth, but is the market becoming oversaturated?

Assessing brokers based on their transaction history and success in the market carries more weight than simply focusing on the highest price offered.

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

Markets there are growing rapidly while still offering competitive entry points for solid passive income opportunities.Hope this helps, and best of luck with your investing journey!

I'd say one of the issues I'm having in the Sarasota/Bradenton region is the rapid changing regulations in regards to STR.

The difference would depending on your exact deal though, each of those are weighted differently. 

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

Worcester/Lowell are examples a bit outside of Boston but are markets appreciating rapidly and are a bit more accessible than Boston.