higher quality than those purchased commercially, or even generated by SEM.  

With rising interest rates and the widening wealth gap, first-time homebuyers are by locked out of the housing market, it seems long-term rental demand is solid but of course it would be important to get quality tenants in the better parts of town.

Thanks Stuart, i agree, sometimes in the dust of action and a zeal to move forward i do need to keep in mind the tenant quality and property profile. 

The demand for rentals is high, there is no issues getting units rented at top of the market prices with quality tenants.

This stability can significantly enhance the quality of life for tenants, offering a sense of peace and financial predictability.However, as a landlord, this 5% cap limits my ability to adjust rents based on market conditions and rising costs, thereby reducing profitability.

Even full-price managers are hit-or-miss when it comes to the quality of services.

If you have a good product and provide good service, you'll appeal to the masses and then you'll have a much higher quality tenant base.

The quality and age of property is important too.

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!

I suspect in many cases the frequency of ownership change is an indicator of the quality of the property.