Expenses naturally rise with inflation - insurance, property tax, utilities...Those two factors, by definition, result in lower NOI down the road than in-place/year 1 NOI.

Secondary markets have also benefited from the growing competitive natures of markets like Atlanta, Charlotte, Raleigh, Dallas, Tampa and Jacksonville.

The reason for this is to prevent people from getting a good deal, immediately refinancing, pulling all of their cash out, and having no "skin in the game".

The thing is with Raleigh specifically, is that much of our inflation is a natural outcome of strong growth:- Many Fortune 100 companies and 500 are establishing headquarters here- A significant influx of people moving into the area.

I guess on the plus side is that the bad apple is only there temporarily lol.. rather than a long term tenant who is of the same nature.

In theory you could approach the neighbors before going under contract but they will take your inquiry more seriously if they know you have skin in the game.

This can be forced appreciation (adding a bathroom or bedroom), or it can be natural market appreciation if I think the asset will go up in value. 

Naturally there will be waiting time in between . 

Would depend on if you have enough skin in the game or other collateral

Insurance has no skin in it since they don't cover mold, only have duty to defend.