This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

When rates go down there will be more buyers in the market creating more competition and driving up prices.

When the biggest buyer in the market is gone, supply balloons and rates have to go up to bring in buyers.

You are building a cash buyer list6.)

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

If buyer's story matches seller's story, how do they find out?

I am in Memphis TN and I have buyers looking for property.

There was this rat race of sellers and crazy bid wars among buyers that gobbled up whatever could be sold and bought on the market.

Resale  what retail buyers are paying for rates of course affects the business dramatically.

@Jeremy Hartwig, I know this is a slightly glib answer, but property is worth what a willing buyer and willing seller can agree on.You can use cap rates, but admittedly those can be useless too, for similar reasons that Kevin outlined.