Most of Reno is in high demand because of such low supply and new construction is limited by the surrounding mountains.

Not sure if higher purchase prices/rates have created this boom or if it's that all the new supply of rentals in Chicago is aimed at top end luxury *$3000 1br type builds etc. but rents have shot up on the north side.

Reno / Tahoe is not building out much because of the geography creating a supply issue over the next 2-5 years, there is strong tech, manufacturing (Tesla), and logistical job growth.

I did nothing except supply the lot and money.

As of early 2024, inventory levels were about 3.79% higher than the five-year quarterly average, indicating a slow but steady increase in supply​​.Demand and Buyer BehaviorThe Birmingham market will continue to attract out-of-state buyers, with significant interest from cities like Chicago.

It’s a 3 bd 3 ba condo and I supply all of the utilities and WiFi.

The market is on the move with a median sold price of $576,500 and a 5.41 Months Supply of inventory.

Sure the shingles run a bit over $100 a sq , but you need felt paper , drip edge , flashing , coil nails , misc supplies , delivery , disposal costs , labor , insurance , sales commissions , overhead , whats left is profit , and it it runs around 20% . 

And yes, there is a limited supply.

I don't know what the deposit is but even if you figure just supplies for some of this stuff it will add up.