I would evaluate what price points and tenant class you’d prefer and go from there rather than looking at absorption rates for rentals. 

I'm told that the absorption rate is a good indicator of how likely a property is to be rented.

Absorption rate is pacing evenly with new inventory coming to market....which is still being measured in weeks, instead of months.

Southie is great market and very high absorption for rental and sales. 

.• A dwindling supply of affordable single-family housing units, combined with a resurgence in suburban demand bodes well for assets located throughout AtlantaIndustrial• Annual industrial absorption is expected to remain strong through 2022.

My advice would be to formulate an action plan with Onneka, your lender and your agent. i.e. spend the next 2-4 weeks effectively assessing your investment options and the current market (available inventory, sold comps, absorption rate, etc).Start with the end in mind.

While you may think that your bill should be lower because it only took "literally 15 minutes of his time" and he could have used "the financial statement HE CREATED for me months prior", you're completely ignoring the risk absorption factor.And before anyone sighs and rolls their eyes, that's a very real risk in the professional services. 

Coupled with migration data from the ACS, this can be a very powerful dataset to use when attempting to predict future housing prices, vacancy, and absorption rates.Federal Bureau of Investigation: Uniform Crime Reporting (UCR)The Uniform Crime Reporting (UCR) program compiles official data on crime in the United States, published by the Federal Bureau of Investigation (FBI).

I agree with @Chris Soignier & Ralp, knowing the absorption rate for you market is a must. 

Houses on the market today with value will not be on the market in two weeks given our market absorption rate at the moment.