I don't think we stop here, I would not bat an eye at 5% re-surfacing and 30-year FRM being near 8% for primary by EOY, maybe shortly thereafter.As supply increases, and rates increase, this is going to force a correction.

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

Explain your concerns about the property sale and the lack of communication.

It will be spelled out there for sure.When you provide notice: ensure you do it correctly.

Serious working pros that are honest and communicative. 

Yeah - correct. 

They take on the responsibility of tenant communication, emergencies, and paperwork, which can otherwise be overwhelming for individual property owners.The Challenges of DIY Property ManagementWhile many investors choose to manage their own properties, it comes with its set of challenges.

Guest Communication- Quick Responses: We aim to reply to guest inquiries within 24 hours, often much faster, to increase bookings.- Pre-Arrival Messages: We send personalized messages to guests with important information for a smooth check-in.- Responding to Reviews: We take the time to reply to guest reviews, addressing any concerns and thanking them for positive feedback.4.

I think this is a State specific legal ruling in WI if I recall correctly.

Even if "corrected" it could be much more expensive than a 20-30k price reduction.