It probably depends on the specific market and the supply and demand in that market.

Hi folks, this has been all over the news and social media so I hope it's not a surprise to anyone but I just wanted to cover all the bases.Due to legislation spearheaded by the RI attorney general earlier this year, there is a new RI rental registry in place that requires all rental unit owners (even short term rentals) to register every rental property and rental unit in the state of RI, by October 1, 2024.The website is www.rentalregistry.ri.gov and you will also need to upload a current lead certificate ("Certificate of Lead Conformance") for each rental unit.The demand is so high that lead inspectors are currently booked out into November and December, so I hope you already have lead paint certs for all your units.

This demand helps ensure consistent occupancy rates.- Economic Growth: Milwaukee's economy has been growing, with a mix of industries such as manufacturing, healthcare, and technology.

Keeping on topic..from a real estate perspective, the demographic is younger, more transient and likely to demand newer and modern amenities.

Hi @Travis Andres,I personally wouldn't invest in any real estate courses that demand such a significant upfront payment.

This means researching the market, understanding tenant demand, and ensuring the cash flow comfortably covers the loan payments.

EARLY MOVE-OUTTenant will be liable for a reletting charge of $2363 (85% of the monthly rent) if Tenant: (A) fail to move in, or fail to give written move-out notice; (B) move out without paying rent in full for the entire Lease term or renewal period; (C) move out at Landlord’s demand because of Tenant’s default; or (D) are judicially evicted.

If it's central air, I'm surprised the market at this price point is demanding those kinds of amenities.

In short, we shouldn't expect much increase in ARV but an additional 1/2 btr can go a long way in increasing demand, appeal, and attracting better tenants while lowering turnover.If our budget allows it, we'll add it to the property 💪

@Terry Bickerstaff You could easily partner with a builder on a JV deal if there is demand for housing where your lots are and the financials pencil.