Tenants are getting financially squeezed.With costs up across the board, I’d guess more people are doubling up, living with family, or staying put longer rather than forming new households.

The US population is about 40 million people higher in that time frame which converts to (approximately) 15 million more households.

Applicant's monthly household income must exceed three times the rent.

The STR tax strategy is most beneficial for high-income earners (think: $300K+ annual household income). 

Household formations, family formations, home affordability be damned.  

But here is the information on this project.House is 3,800 sq ft; 4 bedroom which I may make into a 5 bedroomIs on 5 acres of land, has an inground pool, hot tub, forest on 2 acres and a pole barn in back too.Beautiful city 12 minutes from downtown area also.I will be closing soon and expecting to put $150-$200k into the home.Total Home cost to close: $450kRehab: $150-200kAverage Home Cost in zip code: $485kAvg price home for sale with similar size with land in zip code: Ave Income in zip: $1.4-1.6MAvd household income: $96kI can rehab and flip, but I would like to consider other ideas also. 

The days of banking on vacancy-based resets or buyouts as your core strategy are gone.The deals that still “pencil” tend to look like this:You underwrite long-term stable yield, not big upside.You assume minimal rent increases (or none).You price in legal/operational friction.You negotiate hard because sellers are fatigued and there are fewer buyers willing to take these on now.You diligence each tenant’s regulatory profile—not just lease terms, but age, household makeup, income certifications, and historical registrations.If you go into this expecting returns of 10%+, it will look terrible.

Very good guys right on target and so true.. the other one I encountered as a Broker was the Hubby who wanted to look at the property without the wife and tell you he makes all the decisions for the household..

I’ve got some big goals for my future, and real estate seems like the best path toward financial freedom.My family and I, a household of six, have been living in an income-based rental home for almost 10 years.

I’m curious if I’m missing anything to my list so far I have (per zip code) also I currently invest in the Lansing area.Projects in the next 10 years (expected start and end date) Average household income Crime score Average home price Population growth past 10 yearsWho are the major employers And vacancy rate Job growth Tenet demographics& government and taxesAs Drew said, this is overkill...and you're missing a few things as well.