Rented at $3,215 to a Section 8 Long-Term Tenant instead of a Long-Term Market Tenants for $2,400.

Remember syndicators are marketers first and operators (sometimes) a distant second. 

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

I'm not super familiar with the real estate market in Couer d'alene like I am with East Idaho or even southern Idaho or the Treasure valley.

But I'm starting to wonder if and when some appreciation resumes, and if and when market will dictate rent increases.Appreciate any opinions - thanks

I still find off market for my clients I just do not really want to list the property etc.

I have a lot of good information on the KC multifamily market that I can send you. 

Learn your market inside and out—know property values, motivated seller strategies, and how to analyze deals properly.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

The buyers sittings on tons of cash waiting for market to change ( yield buyers ).