Yes, that yellow flex line is the gas supply to the heater.

(an objective fact) By comparing yields across different investment vehicles, for many investors real estate is no longer worth: the capital, the work, the risk.You can be bullish in real estate today by saying: I believe the Fed will not increase the supply of new builds to the market over the next decade.

We use a national supply house for everything and do mostly builder grade with upgrades where they need to be at.

Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.

My largest concern is that as we go lower in rate, housing supply will ultimately be unlocked putting downward pressure on rents/asset prices. 

I know lumber has come down significantly and have been reading due to a slow down in the market there is over supply coming from the lumber mills. 

given the above two charts, massive supply x 13 years, falling rent growth rates x 18months, would guess rough times ahead for US Multi-Fam next 2 -3 years, but doesn't look like we are near bottom of the cycle yet?

This is just speculation, but supply and demand drive the market...Reach out if you want to connect or chat more about the market

Here in Texas they tend to use what are known as swales, just earth burmed up into certain manner to steer the watershed where they want it to go.

They should also: 1) Be using the BP Calculators, or some similar type of spreadsheet, to show an investor why a particular property is a good investment, as well as supplying sale & rental comparables to justify what they enter in any Calculator or speadsheet.2) Know how the Property Class affects expected performance of a rental.