Baltimore has cash flow, but not only is appreciation more random, but some neighborhoods actually decline in value quite often.

Hi Marta,The market is pretty strong although most commentators are predicting a small price decline for 2024.

More important is note terms & interest rate, how the note underwriting was done, did underwriting comply with the new Federal regulations put in place earlier this year, the lender's LTV, does the investor have a good mortgage servicer to service the note & to keep the investor in compliance, what the specifics of the property are (brick vs frame, bed/bath/garage, etc), is the property in a declining or appreciating neighborhood, is the note originated in a lender friendly State, in the event of default what is the foreclosure process in the State where the property is located and do those foreclosure laws favor the note owner or the borrower, etc.

That is not to say in certain regions of the Oregon Coast, the country and the world there is not still vacation rental ownership opportunity, but over the next decade, compared to the previous decade, clearly the margins are on the decline. 

Hello everyone, im looking to house hack my 1st property (a double) and was wondering a few things, with the market leveling off and soon taking a down swing, from what ive been told. what are some of the things i should consider in possible investments, such as the cashflow if any but i'd like to at least have the tenant rent pay the mortgage in full. should i look to purchase 20% under the assessed value to cover any decline?

The greater metro area fared similarly with a 1% year-over-year decline to $443,753.

Landlords don’t, so we can’t know if there are issues unless a tenant/applicant tells us.Several applicants complained to me about their TT experience and others declined to submit apps through turbo tenant after stating they were spooked by multiple emails and text messages “reminding” them to complete their apps and pay the $45 fee for each applicant’s background/credit check, and they submitted all the required info yet weren’t provided copies or the required refunds as required by law, and landlords have reported they never got them either, so declined the applicants.  

Doesn't mean the market won't work, but there is increased risk with a declining market. 

The anomalies have been the declines according to Case Schiller.

The property is situated immediately west of the 405 freeway north of Manhattan Beach Boulevard, and it checks several boxes for institutional capital as this buyer profile continues to be drawn toward infill locations in coastal markets.After eight quarters of declining transaction volume, 2024 may see an uptick in sales velocity if the 2008-2009 commercial real estate downturn serves as a guide.