Atlanta had a much more dramatic crash and boom.

Price similar or slightly lower since you don't have reviews yet.Also, enable "smart-pricing" on AirBNB to get the listing boost, but override their pricing.

Many people are worried about winter occupancy, but if done correctly, winter occupancy can be boosted.

., avoids intense bidding wars common w/ turn-key properties), experience gained doing my first reno (I've got the time to manage the process), forced equity, being able to reverse engineer exactly what I know guests want (boosting my ADR), etc.Cons: given where the market is I likely won't acquire a property that fits my criteria cheap enough upfront to effectively BRRRR (i.e., won't get my reno money out immediately) - so this essentially adds to my initial out-of-pocket investment and reduces the remaining capital I have to invest in addl properties. 

Baltimore, MarylandEconomic Factors: Baltimore's economy is mixed, with strength in healthcare, professional services, and port-related commerce.Rental Demand: There is decent rental demand, especially in growing neighborhoods.Property Prices: Prices vary dramatically by neighborhood.Rent-to-Price Ratio: Variable, with some neighborhoods offering high rental yields.Market Trends: Certain neighborhoods are experiencing redevelopment and growth.Employment Opportunities: Jobs are growing, especially in healthcare and tech sectors.Population Growth: Population is stable but growth is slow.Vacancy Rates: Varies by neighborhood, with higher vacancy rates in economically challenged areas.Local Laws: Maryland laws balance landlord and tenant rights, but some cities, like Baltimore, have specific regulations that can be more tenant-friendly.3.

It also affects your tax on profits dramatically.  

If you see a history of good rent increases around this area that's different, you can build your plan.Also remember taxes and insurance have seen dramatic increases in FL, so plan for that.How much reserves do you have to cover unexpected expenses, like AC units, or a roof. 

If you understand all the ways to make profit in real estate, then you can tailor your methods to your market and each and every property and profitably invest anytime, any place ... that should be your goal IMO.Even if you don't buy into any of the above, in just about every market, within a couple hours drive there is a sub-market that is dramatically less expensive.

In doing this I was able to purchase a great starter property within 3 months of this mindset change by doing the following:1) Connecting with a local agent/investor who was able to set me up with an MLS search that could fuel properties to be analyze with BP calculators.2) Working with local mortgage brokers to understand FHA owner occupant loans which combined with a state funded new-buyer assistance program (and negotiated seller paid closing costs) allowed me to close with only $2,000 out of pocket.3) Ultimately close on a base-hit property with virtually no money out of pocket, source my first tenants, do some basic cosmetic work to boost rents, and gain a TON of relatively low risk knowledge that will better set my up for future BRRRR investing.Although BRRRR is an amazing strategy, I highly recommend exploring house hacking in order to hit the ground running and get some experience under your belt.

B of A short sale pain described dramatically by agenthttp://www.youtube.com/watch?