But don't count on prices and rents to keep rising here, since people are not making that much more Money!

Historically the appreciation in Worcester has come from 2 distinct factors.  1 Rising tide lifts all boats= all real estate went up for MACRO Economic Factors, supply/demand imbalance, Low interest rates, increase in money supply. or 2. 

Any advice or considerations would be greatly appreciated!!!

So this whole question about STR's comes from a recent conversation I had with @Brian Gerlach that just got me wondering if I'd even given a serious consideration to STR strategy in the area we're looking at.Thanks again for your thoughts!

How can you trust that PG county property values will continue to rise if crime is also rising?

Can you provide an example of what you take into consideration when determining the ARV, offering price, and/or cost of repairs?

We also own in warm climates currently so don't have many of the considerations that we would have up in MI.I've considered looking into properties near Lake Michigan, but have been focusing more on FL and CA as of late.

The only CC&Rs I've personally been involved in were for condos or similar properties, and the idea of no HOA would give rise to these issues and others. 

The next step will be extracting a comparable cap rate and take into consideration all the different factors which may effect your market derived cap rate, does the comp have a credit tenant?

Thanks for the time and consideration