But there may be some changes in that over the next couple years as some hot cities cool down.

I preferred a duplex, but the market was too hot for me to compete so I bought a big house and converted it to multiple units so I can live in one and rent the rest.

Of course, certain markets will be more effected than others.All the normal hot spots will likely see a larger decline than the more stable regions like mine in southwest Ohio.  

I preferred a duplex, but the market was too hot for me to compete so I bought a big house and converted it to multiple units so I can live in one and rent the rest.

The combination of hot long summers (soil dries out) and lots of moisture in winter and spring (saturates the soil) causes the ground to constantly expand and contract.Out of state investors get freaked out by foundation issues but being that its such a normal occurrence, you have a plethora of foundation companies that know how to fix them with relative ease. 

Yesterday, I posted my standard notice on the front door advising the occupants that the place has been sold, to call me, and that if I don't hear back, I may initiate an unlawful detainer or if the place is vacant that I may change the locks, along with a copy of the deed.The property looks barely habitable (hot water heater is on the back porch (which looks like it's about to fall off its rotted post foundation), sheets of drywall and plywood out front, tons of beer cans and collection notices on the front door, and rotted siding/wood on one side of the house.

If you are after a turn-key MTR in the hot market of Knoxville (97% occupancy), let me know.

Same concept applies to projects that were in hot markets in 2021-22 producing 20+% rent growth.

A hot corner property with a drive-thru with adjacent huge traffic counts doesn't sit empty.

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