High prices can eat into short-term returns, but if you believe the area has room for growth and demand (which seems likely given SW Montana’s attractiveness for remote workers and lifestyle buyers), the investment could pay off long-term through appreciation and rent increases.4.

Attracting capital will be tough when you start out due to not having a track record. 

Properties in areas undergoing revitalization are especially attractive for investors looking to buy low and achieve high nightly rates.Regulation-Friendly Market: Compared to many other large metros, Indianapolis has relatively relaxed short-term rental regulations, making it easier for property owners to get into the market without facing excessive restrictions or permitting hurdles.

Fun area where you might attract young professionals who want to rent by the room. 

I appreciate your emphasis on considering factors beyond just initial numbers, such as property management availability and long-term appreciation potential.Your point about Detroit's attractive price-to-rent ratios and ongoing revitalization is intriguing.

The minimal need for renovation and favorable market conditions in the Jasper, GA area made this an attractive opportunity to capitalize on.

What makes you attracted to real estate as something that can bring you income in the future? 

Investor Consequences: Lower Cap Rates: With reduced rental income, properties may have lower Cap Rates, making them less attractive from an ROI perspective.

You just do not want there to be any confusion about the deal points that made the deal attractive for you to buy in the first place.

The idea of an assumable mortgage seems very attractive from a cash flow perspective, but unfeasible from a capital perspective.