I decided to run IRR (Internal Rate of Return) calculations for the SFR (single-family residence) investing in order compare with the IRR targets I see proposed by syndication operators.

Currently, I own a single-family home that serves as my primary residence.

Investment Info:Single-family residence wholesale investment.

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

The city is projected to add over 1 million new residents by 2040, with a significant portion of this growth occurring in the next five years.

You can have "good" residents and market rent...no need to settle for one or the other. 

Quote from @Jerome Wiley: Can the landlord ask a perspective tenant how many adults will reside at the rental property?

If you did the latter, then there was no usable bathroom during this time for those residents and technically the unit was not habitable.

I own a small 2 bed/1 bath home on 40 acres 30 minutes north of KC. Been living here for 5 years and owned it for 3. Got it for a steal, so we have a lot of equity, but the house needs a lot of work. The original plan...

If I tried to base my renewal on expenses only I would increase above market rents and probably lose my current residents because of that.