sorry) has this whole thing about family and pets in the photo with you too, to soften it up.  

I am looking into more multi family lately in a way to diversify in preparation of the pending softening on all markets and any down turn that seems like is the consensus.

The house had several floor joists and trusses in the attic that were cut through in order to run venting and pipes that needed to be shored up, some rotted subflooring that was discovered in the bathroom, some drywall needed to be replaced, the whole house was repainted, added a water softener due to the hard water from the well leading to discoloration of the tub, and upgraded the fixtures to make it look nicer.

Forecast 10% vacancy in the coming years ( under 5 from now ) as new supply outpaces demand and rents soften to rent increases of 0 to 2% a year.Of course nobody has a crystal ball and can say for sure 100% what will happen.

The main purpose of this is usually for small areas to tweak their FMRs to better reflect rents where the lack of data hampered a good initial calculation, to chase a skyrocketing or plunging market more closely (remember the 3 year rolling set of data HUD uses) or to soften big swings in FMR for current tenants.

@WendellMy best estimate is that Chicago has already past a peak and is or will be very soon softening.  

@Sterling Williams I’m new to the San Antonio RE investment market, but what do you think about the latest reports from the fed about SA affordabIity and “softening” job growth?

Is it a water softener? 

Competition is still high even while prices are softening, but as we all know on bigger pockets, that just means more legwork on the acquisition side to make something work. 

As the rates go up, the market is softening ever so slightly.