That’s a win for both the investor and the resident.In our experience managing properties across the Maryland area, tenant retention is one of the most overlooked drivers of ROI.

Of course there are a lot of other industries using furnished rentals but that is what I have seen and felt in my local market where hospitals are a big economic/industry driver in our area. 

The key is finding places with year-round demand drivers (universities, hospitals, corporate hubs, outdoor recreation, etc.) rather than seasonal tourist spots only- Cash flow vs. wealth building.

It's a great vehicle but not easy like gurus say. 

Also, what do the vehicles look like in the parking lot (Big SUV's, vehicles of the working poor, a lot of junk vehicles that don't run on blocks, etc...)

Gas prices were the main driver this time.

I like near water as home values usually stay high, out of high flood risk areas That’s a great question and one that a lot of people run into when first looking out of state, because while the numbers and spreadsheets are straightforward, actually narrowing down the towns is usually more about weighing long-term fundamentals and demand drivers; when you’re evaluating towns in the Carolinas, you’ll want to not only look at the rent-to-price ratios but also consider how resilient the local economy is, whether there are universities or stable employers nearby, how infrastructure projects or population inflows are shaping future demand, and whether the city or county has landlord-friendly policies since those can make or break your experience.

I am trying to think of any time cap rate would matter more to me, so cash flow would be the primary driver. 

Is it more about property type, or more about the local demand drivers?

At 59, I now own only my second ever new vehicle.