Once the interest rate starts going up, people’s purchasing power would go down, but I doubt it would happen any time soon.

I’m in the same boat; I plan on house hacking when my lease is up summer of 2020.

I am in the same boat as yourself, looking for a house hack here in ATL.

So, the buying power of rents decreased by 11.5% percent (18.3% - 29.8%).

This can be a powerful way to reduce taxes if you like the idea of offering vacation rentals.Putting properties in a trust is generally not a way to reduce taxes,  unless it is a Charitable Remainder Trust. 

Possible problems: mold, fire from using lots of power and funky cords unattended, bugs (white flies, gnats, mealy bugs etc), attracts mice, high water use and high electric use alerts utility and police, the neighbors can smell it and attracts break ins and theft, bad guys, and so forth.Don't know what your lease says or how you feel about the risk but if there are twenty plants you are responsible, you can lose the property if there was a fire or a raid.

However, the max DTI for IDHA is only 45%, which could significantly reduce your buying power. 

But NY State carves up its counties into larger "towns", and gives them a lot of power to regulate STRs themselves despite some of these areas being extremely rural.

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.

- get a powerful wireless router?