This limited inventory will likely continue to drive prices upward.Sales - Median $/SF by MonthThe $/SF increased MoM.

I have a buddy that's very successful in D Class areas.He drives around all day putting out fires, getting in literal fist fights from time to time, throwing people out of their apartments or changing locks when they leave, constantly breaking the law because they are "civil matters" and he knows the tenants won't come after him, and shaking folks down for late rent.I'm sure folks in A Class areas are doing the same, right?

Only nearby city that rivals it is Amarillo (2.5hr drive north) and it does not have anywhere near the education infrastructure or $$$ inflow Lubbock has (at least not yet) with Texas Tech and associated schools, SPCC, LCU.

Have you noticed that your social media videos actually drive conversions, or are they just generating views?

It also fits your budget & also I know some of some above 1,300 sqft, good boned, central air, yard space/drive way space having on & off market single & multifamilies in that price range. 

Impact: Drives immediate, measurable business outcomes.

Ask your PM how often they drive by properties under management.

Drive around off the strip, out of season and what will you see? 

For a core deal, I would assume it would be lower, but again, I don't know what they are doing to drive those returns.Relying on markedly lower loan rates is no guaranteeRelying on more core buyers is only likely to happen when pricing (as measured by cap rate) is higher than prevailing interest rates.Unknowns:What is business plan to generate those returns? 

But you would be surprised folks either don't believe we do this or they just don't have the drive to go find the deals etc.