Combined with increasing supply, what could this reasonably do to MF market and syndications near term, ie next 1-2 years? 

I have a 10x8 shed that I use exclusively to store real estate materials and supplies.

We find that having the tenant pay for all utilities and taking the small hit on rent we are far ahead over supplying utilities to the tenant. 

I know a few more people who's purchasing with him, from what I hear, every single closing was delayed due to supply shortages or other reason. 

Properties are sitting on market for a bit longer now that supply is slowly creeping back up. 50 days isn't too terrible compared to the greater PHX area. 

Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA. 

@Shayan Sameer,The really brief answer is that most of TN is pretty affordable apart from Nashville, which is an expensive, supply-constrained metro.The median home price in Chattanooga, for example, is about $300,000, which is a little above your $200,000 budget.

For example:"See how [Client Name] cut their supply costs by 20% with our help!""

I realize now that I should have supplied numbers initially- for numbers I am looking for $650k and under.

The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.