After giving up a $1,600/month lease I had for 4 years in Studio City, I moved twice and now similar apartments go for $2,800/month in the same area.

The affordability and cash flow potential are real, but so are the challenges.

Whether it’s developing new housing complexes or refurbishing existing ones for higher-end rentals, the opportunities for capitalizing on this growth are vast.The decision by Anduril Industries to set up shop in Columbus is a game-changer, signaling a major shift in the city's economic landscape that savvy investors should not overlook.

Love your mindset—real estate is a long game, and you're starting with the right attitude!

What is the standard? 

Or stair step up on your homestead value pretty dramatically in a decade. 

The tenant supposedly had complained for months to the property manager that the furnace was not working.

@Jade Frank I agree with what @Dominic Mazzarella and others are saying here, but If you find the downside outweighs the gain and you ultimately decide to sell the property, Since the property was held for investment use it would qualify for a 1031 exchange. 

I do feel that rents are probably going to catch up over the next 3 - 5 years.

The same unit has different listings for the 1 bedroom and 2 bedroom alternatives.