The rapid reduction in rates could have a multi faceted effect on the investor market:- Initially there are many proposed investment purchases that the numbers just have not crunched at 8-9-10-11%'s.

They originally paid $43,500 in 4/2015 and dumped it back on market 2 months later - there have been incremental price drops since. 

So we have a huge price gap between existing homes (185k median) and new construction, limited supply and a rapidly growing amount of buyers looking for homes under 300k.It is difficult to imagine circumstances where these fundamentals would change over the next ten years.

This city is experiencing rapid growth, with many large companies planning to move to the area in the next few months, which will result in an influx of new residents and a wealth of job openings.

Besides, the days of your "Put, Put, Pray" business model are rapidly being devoured by tech savvy entrepreneurs who realize they don't need a dinosaur business model and a bunch of stuffy old men in Hawaiian shirts pretending to be professionals to move properties.

This meant I had friends who could recommend local professionals or even swing by a property if need be.3: I invested in Raleigh NC, which has had a growing population and rapid gentrification for many years now.

I'm hoping to connect with anyone who has been involved in short term rental properties in the last few years, preferably those that are located west of Grand Rapids closer to the lakeshore.

When I was considering getting my license, I chatted with the owner of Fish MLS in Coon Rapids.  

Incremental increases are more likely to create confusion, result in late/unpaid rent, create animosity, and in the end the tenant may not be able to afford it and will stop paying rent, break the lease, or cause other problems.The best practice is to move them out, clean the place up, and rent it at market rate to a Tenant that is well qualified on day one. 

My goal is rapid expansion, but I wanted to walk before I ran.