With delinquency rates at 7.4%, there is a possibility that they will surpass post-GFC levels of 10.5% in the next year.

Meanwhile, previously thriving markets like Atlanta and Phoenix experienced decreased transaction volumes due to the steady influx of new supply and stagnant rent growth.In the aftermath of the pandemic, institutional capital was in the spotlight, surpassing private-buyer activity as they outmatched lesser-known names while competing in the same arena.

The account has been growing and is about to match/surpass the balance on the mortgage.

This enables you to possibly profit from the property's appreciation even in the event that your initial cash flow is negative.Opportunity Cost: Investing the money you would have saved by making a 20% down payment on a different property might diversify your holdings and raise your total return over time.Appreciation: The return on the lower original investment may surpass the negative cash flow if the property increases at a rate of 5%.Considerations:Market Stability: Although Florida has traditionally seen rapid growth, it's important to take the stability and possible swings of the market into account.

Houston, in particular, saw a significant dip of 16.6 percent, surpassing 1,000 lost sales in December.It's crucial to highlight that, despite the downward trend in rates, they remain elevated, creating an affordability challenge for prospective homebuyers.

If you held for the 10 years of cashflow, you would also have 10 years of appreciation which will likely surpass the amount of cashflow (vs. if you 'cashed out' and held cash).

Let's surpass those goals!

Some cities, recognizing this, have successfully implemented major events, such as the Formula 1 race in Miami, to boost tourism.June - Transitioning to mid-season, June surpasses May as the summer season begins, leading to higher occupancy rates, even though ANR is lower compared to previous months.July - Categorized as mid-season, July stands out due to 4th of July celebrations, resulting in some of the highest nightly rates during the summer months.August - Although August is generally good (mid-season), a slowdown occurs as the end of the month marks the return to school for kids, signaling the end of the summer season and the beginning of the low season.September - Consistently the worst month, September signifies the low season with lower occupancy and nightly rates.

I've been underwriting an old warehouse (built 1940) that needs a complete renovation/gut (reno cost would surpass building purchase price). 

Great article from the Courier-Journal on the expectation of surpassing 2023's record year: https://www.courier-journal.com/story/news/local/2024/02/21/...