Outsourcing to a property management team suits those lacking time or desire for involvement but entails costs and relinquishing control.

Service workers had to move out of the city due to lack of housing options.

It took us approximately 9-months to turn this around from design / permitting to construction complete.After performing market research, I identified a lack of 3 bed 2 bath apartments in the market. 

You have a high end 2 bedroom and although it is nice it is lacking a wow factor that would sway a decision to pay 4k in rent.Inflation is killing you.  

California, to my pleasant surprise passed a new law that went into effect January 1 that allows property owners to file a Letter of Agency with local law enforcement which notifies them that the property is vacant.

Even those markets with oversupply are believed to be lacking significant supply for the mid-term and long-term needs.

I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.

My beef isnt with the lenders themselves it’s with the misinformation and the lack of actual information needed to make sure you have the resources to apply. 

However, one thing that did stick out to me was the lack of accounting for Capital Expenditures.

Areas that have been good 30 or 50 years ago are still good today.One wildcard though.The city of MKE has initiated a projected called GrowMilwaukee, which is based on the majors vision to increase population (for fiscal reasons, more people per square mile) and they have identified the lack of midrise mixed use districts - they call it the "missing middle".