Congratulations @David Shaun - those are awesome numbers, and should hold up with the low liabilities, regardless of market. 

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

What are you all seeing in the market right now?

There is a ton of DD to do on a MF property, are you doing an environmental study, a reserve study, analyzing the T-12, market study to show there is room to increase rents (of course every seller states rents are underpriced)... 

@Cosmo DePinto The Huntsville market is tough right now.  

I've attached an image of my proforma based on your report and using a different property in the market.

Great point about different states and markets having different laws about using evictions as a reason for denial! 

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Hopefully we will be managing a handful of other STRs in the same market in the future.

The conversation covers issues like the impact on property values, tenant rights, and the broader effects on the real estate market.