Negotiate a few concessions from the sellers and save that money.  4plexes are infamous for being higher maintenance but if your cost of living decreases by $1,000+/month, that money will serve you well to keep the property nice and increase your net worth.Good luck!

This is due to increasing demand and decreasing supply, as shown in the charts below.Rentals - Availability by MonthThe number of homes for rent dropped rapidly in the last three months, showing decreasing supply.Rentals - Median Time to RentMedian time to rent dropped significantly since February, indicating increasing demand.Rentals - Months of SupplyJust one month of supply for our target rental property profile.

I look at all the new listings everyday along with back on market or price decreases.

It shows you data by year, and if you add a simple formula, you can see the percentage increase or decrease.

Not decreasing, just not increasing as fast as before.

My one concern is that the cashflow of the vacation rental could decrease along with the home value if there is a recession or a housing downturn.

So it's a declining market segment, with the primary controller of market size happy to decrease it. 

Real estate has weathered price declines before, and a price decrease does not mean crash.  

Hi, Anyone seeing STR demand decrease for 2023?

Buying power will slightly decrease as rates kick out buyers who are now unqualified for the properties they desire but the demand will still be strong from more capital heavy buyers, further limiting the availability of "good deals."