In terms of actual zip codes - a lot of out of state folks are immediately attracted to Waterbury, Bridgeport and Hartford due to the price points.

I do get alerts from Redfin, unfortunately I'm not familiar enough yet with the lay of the land, what area's / zip codes are most in demand for rentals, things like that. 

The majority of properties that are zoned for STRs with city codes, are sold extremely quickly and are usually 'off market' properties.

Unforeseen / Other Parameters - Weather, large scale transformations such as an industry collapse or relocation, etc.Do you guys have any other things you look into before choosing your new investment zip code? 

However, during the pandemic investors and underwriting guidelines are becoming more strict and they are requiring liquidation of these accounts just something to be aware of.

However, if you are too harsh, they will think poorly of you as a landlord and it will be a difficult and contentious relationship to manage.I recommend being sympathetic to their concerns, taking the time to identify any legitimate issues - it's more than possible that actual problems that should have been addressed during the rent ready were missed, and there are certain things you can't leave "as is" per landlord-tenant law and your local housing code.

We are doing this through a lockbox/code system. 

Dont expect them to even during normal times , its strictly business .

So the project was also in the dollar zip code Ryan mentioned, but the way we looked at it was the payback period was manageable since we would be saving ~$60,000 per year in water expense.

City fees: Plan check and building fees: You would have to check with city for accuracy but I would say about $15k (pasadena is expensive) this is strictly a ball park based on other projects we have done for clients. 3.