It seems to me they are at pretty close to historical norms. 

Even worse if it’s in a historical district.

These actually have historically been the best rental properties and are the best way for you to start!

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Historically, real estate goes up, both property values and rents.

There's a reason that historically so few people did these types of transactions.And lastly, Roam's website is probably the best way to find a home with an assumable mortgage.

Either way, I’m unsympathetic.Complaints that lenders make money on their money (the historical definition of usury) have been around for millennia and are nothing new.

Most commercial leases can be brutal if the operation fails.Legal Liability / STR Regulation RiskIn many municipalities, STR laws are tightening — and enforcement is ramping up, even in historically lenient markets.

Also, I take historical numbers from other PM's as consideration but I care more about my internal projections so look at how other similar homes in the market are performing.Good luck! 

Unfortunately, each owner has their unique situation, meaning most with higher mortgage payments and once you start adding ALL the expenses, like property insurance, utilities, COA dues, plus increases or unexpected assessments, property management fees, property taxes, business licenses, ongoing maintenance and improvements, etc.Those who purchased without really understanding which rentals will perform the best, based on true historical data - are in a tough spot in 2025.