Additionally, if you're looking in a high cost area, keep in mind most landlords will be sharper than your traditional mom-and-pop and won't necessarily love the idea of renting to you only to have you sublet their house to strangers. 

Considering how low we are, we should have seen a sharper rally on that day so that tells me the demand to buy isn't there right now but it would get there on a big WOOSH down open.I would caution you to put too much emphasis on the Dow right now, it's a price-weighted index (meaning stock price matters) while the S&P 500 is a market capitalization weighted index (stock prices don't matter).

Your biggest takeaways will allow you to become much sharper with your second deal. 

There has been a sharper increase %wise on the lower end of the market, which makes sense because, you know...math.I hope this has been helpful.  

The vacancy rate has risen from 1.7% in 22Q1 to 4.2% today, with sharper increases in tradedependent submarkets such as Vernon, Commerce, and Central Los Angeles, as well as in older facilities across the county.

These neighborhoods are experiences a sharper upward trend due to their proximity to the Beltline.  

My heads high, my stomach is small, I'm leaner and sharper than ever.

Think of the price incline as an indicator of the cashflow vs appreciation continuum - the sharper the curve, the faster the appreciation, and the lower the cashflow.

You are now much wiser and will be much sharper in your execution of the next deal. 

If you have more than 150sf or so and are adventorous and willing to risk a bit, the drum sander is what you need but these have a much sharper learning curve so don't start out with an aggressive number.