The need for senior housing will continue to rise, and as long as CMS isn't paying for it, I can't imagine how or why they would impede your ability to operate. 

But realize that expenses also rise... property taxes, property insurance, etc will offset higher rents.The shortest answer I can give you (in my opinion) is that it isn't a great time to be jumping in for most newbie investors.  

You didn't even mention tenants who don't pay rent, evictions, vacancies, HOA violations, the consistent rise in taxes and insurance, bad property managers, and the many other issues that cut into your profit. 

It likely would be on a smaller scale as these were not first time investor purchases (total of $4m value).When I was purchasing 2012 to 2018, I had a lot of confidence the prices were going to rise.  

Please make sure all the bulb temperatures throughout the house are the same so that it feels inviting and cohesive from room to room. 

And that determination wasn’t so hard to make, even back in 2020-2022 when we knew interest rates would rise, multifam were getting flipped left and right, and cap rates were insanely low.TLDR: in the real estate game ya gotta know when to hold ‘em, and when to fold ‘em :)Good luck everyone.

@Collin H.With credit card defaults and auto defaults on the rise as well as overall debt - people will start tightening the belts and first thing they will get rid of is spending on travel and vacations etc So reading this I am not surprised - how has 2024 been compared overall to last year ?

My family bought SFRs in early 80's w mortgage rates >18%, but high inflation drove rents higher than debt expenses so they all cash flowedalso look at USFR, paying 5.37%, holds 8 week Tbill floating rate notes only, not as good obviously as buying Tbill directly at the top of the curve (i bought a 26weeker in late Sept at 5.6%) but much easier to transact, i suspect 10yr will fall over next 2 yrs (FED cycle) then slowly rise over next 30-35yrs (long us debt-deleveraging cycle)

Perhaps I am wrong, I had read quite a few articles like this one:https://www.veros.com/the-rise-and-fall-of-the-boise-housing...

I'd look near White Oak Music Hall...it has the feel of a neighborhood on the rise.