I keep hearing that costs of labor and supplies are rising (when aren't they?)

To create rental income that enables financial freedom, you need a location that meets specific criteria.Rents increase faster than inflation: Prices and rents are driven by the imbalance between demand and supply.

For example, I have a tenant who has been smoking in their unit since before I took ownership of the property.

Atlanta MSA is great and growing, but Multi-Family supply coming on line there both now and through next year is significant, wouldn't this be a better/cheaper deal 1 year from now?

I doubt many are going into credit card debt or if they are that's kind of crazy.. as this part of real estate has no smoke and mirrors generally.And I suspect because most of these folks are doing some sort of PPM and need to deal with accredited investors.. that separates those wanting to start to those who have already had some financial win's or experience and just looking for a new avenue.. 

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.

Utilizing empty lot space in this way helps to combat the increasing housing prices and limited supply many markets have been experiencing.

They were also more likely to smoke in the house and leave burn marks on furniture.Now, I’m shifting my focus to families and business travelers, especially since we’re only 5 miles from the Houston Medical District and major attractions like Minute Maid Park (home to Major League Baseball's Houston Astros), Toyota Center (home to the NBA's Houston Rockets) and the NRG stadium (a multi-purpose stadium with seating capacity of 72,220).

About Westchester, NY:- One of the most expensive places in the US, maybe the world- Supply is VERY low- Houses are no less than like $600k-$700k, I'm also getting outbid a lot.- Now Foreclosures may be a good discount but at the same time I already know that there is aLOT more risk to this.I already have a real estate agent, a mortgage broker, and am getting connections to contractors and so forth.My few Questions are:- Do I need a real estate agent in this process for foreclosures?

So Supply and demand have really shifted quickly.