He demands the rent increase to $3,200 but you refuse to pay it.

However, I’m increasingly excited about starting a unique stays/glamping business.

For example, in C class neighborhoods, you might see higher tenant turnover and more wear and tear, which can increase costs over time.It’s also worth factoring in reserves for capital expenditures (CapEx), even if major items like roofs and HVAC systems are new.

Hi @Joy McQueary - you can find a breakdown of rental rate increases by state online, and here's where to find a list of the hottest multi-family markets.

I like the West Mobile area, its class A area, you can definitely find deals there, 3 bedroom with 2 bathroom for around 220k or so, you may have to wait a couple of years for positive cash flow but properties there increasing in values better than others.

Will you have cash flow on day one or do you need to increase rents or find better tenants? 

How do you evaluate the increase (or decrease) in price of the land in question down the road?

As home prices or interest rates increase, fewer people can afford to purchase homes, forcing them to rent.

The equity increased a ton especially w the limited supply 

After these meetings, the GC often asks the subs to increase their bid.