I don't follow the data in other states, but I would suspect the opposite might be true in shrinking states like NY or CA.

If people expect a garage and they are not going to get one at your house, you will shrink you buyer pool.In most areas, this is not a huge value add(for resale at least).

From my research I expect these properties to be worth more in 12 months time.I am planning to buy 40 over the next 12-18 months, stock is shrinking so hopefully this can be done. 

Just take 75/60 = 1.25And that's that... the DSCR is 1.25x   Most banks like to see at least 1.2x   With rates going up, and amortizations going down, the loan sizes (as a % of purchase price) are shrinking to be able to hit the required DSCR.  

It's a shrinking population that saw rents decrease in the last year or two when the rest of the country was on fire.

Those additional fees/closing costs "shrink" your buying power by reducing the money you have to put towards a down payment.My honest best advice is to keep educating, AND keep saving!

@Matthew Miller - I 100% agree with your statement that the operating cap rate could shrink if the property is poorly managed.

One thing that can happen that no one anywhere is talking about, as best as I can tell, is that the sector *as a whole* can simply shrink.

What I tell most investors these days it that you might want to shrink your buy box / criteria a bit, so you're more conservative with properties that you look at. 

The industry is very interdependent, and your network is key in getting deals done, so you work to extend it, not shrink it.That's why, called in advance of a deal, a number of buyers I know will tell a wholesaler their end price point for a property, setting the wholesaler free to negotiate any price they can with the seller, and take the difference as their fee.