Slow market?

In fact I think truancy is a real concern. 3% of rent which if it was $2000/month or $24k/year, a fee of $60 or $600 would not be a premium, rather a deep discount from the STR fees or PM fees I hear coming from Bullhead City, AZ or LA, where they range anywhere from 10% on up.April did you use Nomad after all? 

Sean, I have some deep domain expertise here.For starters, I own 12-doors in Detroit (from California).

Our new one will be similar and we'll be putting about $50k into it, and cash flow will be slow due to 100% financing, yet for our portfolio it's well worth it.

I thought the same thing and scaled up rather quickly to 300 units in deep south 95% section 8 after about 18 months I realized I bought myself a job that was simply not worth it..

Affordability or lack there of has the best chance of slowing this market but there appear to be plenty of buyers in all price ranges.

As we approach slow months I manually adjust my pricing to try and always stay just below the booked property line.

I dont think any rehabber in that city would have thought for a minute to put up fencing and hire 24 hour security this is not South Chicago or south of 8 mile Detroit or any number of rough neighborhoods in the mid west deep south.. this is a pleasant farming community with money. 

That also happened while we were in the middle of a deep recession and credit crunch, unlike today.

Sounds like a deep dive into the numbers is what you need.1.