I want to focus on property #1 and based on my experience developing this property I will decide the pace at which I will make furthur investments.

Investment Info:Single-family residence buy & hold investment in Pace.

@Travis Pace Congratulations on your first investment, keep up the great work. 

Now I'm working at my own pace and I've acutally been making alot more.  

I usually increase my rents a few % each spring to keep pace with my operating expenses, however I thought it would be extremely poor timing to do that this year. 

But you are right, it is a 3 party agreement, and the 3rd party is a huge bureaucracy that works at their own pace with sometimes seemingly changing or just irrational rules.

Now we're seeing that "missing middle" find its way onto the market and things are starting to even out a bit, but considering it is May we are significantly behind pace of where we were in 2019 or 2018.  

Rents have been going up till now at a pace of 5-8% per year since 2011.

@Charles Carillo, @Jeremy Pace, @Joe Villeneuve, @Natalie Lopez Thank you all for your input, it helps a lot.

Low cap rates means a strong market and potential to increase in value at a faster pace.