Establishing a pattern of treating a tenant a certain way can hurt you in the long run.

See the pattern here?

This is from the cabinet above the stove: Is this pattern similar to what it looks like on the rest of the cabinets?

It's been a month now and this seems to be a pattern with this guy.

I like the wave pattern, but the tenants sometimes dont because you can still see outlines.

Most service businesses are dead as well, so common to see layoffs during this period as well with service businesses.Rents are way down from a few years ago and problem tenants are way up.The quality of credit is almost non-existent as we have little high paying jobs so most tenants here live paycheck to paycheck or are recovering from some financial problem.How long this pattern will last here is anybodies guess.

No pattern of previous flipping exists for the same property within a 12-month time frame 4.

Recently in our area, reality seems to have finally sunk in.The economic realities have begun to cause rental owners to really react and aggressively cut prices on their units.No new jobs, layoffs, less income, people leaving the area.Both SFR and multi-family are affected and those with no mortgage or lower runtime cost structures have more flexibility with their pricing and are able to find tenants, though no where near the quality of yesteryear.Previous to this year, rents had remained fairly stable maybe down 5-10% but nothing compared to the 20% we are beginning to see now as desperate owners are realizing that they may lose their investments if they do not find tenants.The lower quality tenants actually have their pick of units now versus unable to find anything.As far as investing in new properties, it is a dangerous game if not backed by cash reserves, today's "low-money-down" owner is tomorrow's foreclosure.We see nothing on the horizon to change this pattern, rents will seemingly continue to drop and day-to-day management will continue to take more time and effort due to the lower quality.

Assuming that pattern continues, wouldn't you say that's a significant cyclical milestone to keep an eye out for?

There is a definite pattern here.