So I'm softening on my attitude toward SFR rentals.

Things have softened a bit over the last 6 weeks.

I am concerned that COVID is going to last longer than expected and drive the population out of Chicago which will decerease demand and lead to price softening.

We have a lot of big high-rise student housing going up and I think the rental market for students will be softening.

It should soften up sooner or later.

At least on the wholesale side, i am seeing softening on the price.

While residing in the home replaced appliances, water heater, furnace, water softener, and refinished hardwood flooring.

We were going to BRRRR, but now are leaning towards doing a 1031 exchange if Hawaii vacation rental markets soften.

I'm wondering if the quieter rental market is softening sales for buildings like this, or are there still investors wanting to buy knowing things could possibly be busier next spring/summer, plus with two open units, they can do whatever improvements to reset the rental prices (owners unit could fetch 2500-2800, other units 2200-2400).This is in the Longfellow neighborhood, 10 min walk to BART, 15 mins walk to Temescal, and close to Emeryville (Target, Home Depot, Pak N Save) in case you'd like to weigh location into your reply.

Perhaps this will be your experience to soften your budget but I wouldn't base calculations on having no maintenance requests.