A supply and demand type deal for a few months then it will all get back to normal.

I like to hold appreciating assets and load up, buy as many as I can, and sell down prior to peak, when you see more supply/volume coming to market. 

A buyers market means that there is more supply and demand so buyers can get the best deals at this time.Sellers market means that its the perfect opportunity for sellers to sell their home.

Furnish all the bedrooms (Craigslist $100-300 per bed with preowned mattress, buy $10-20 mattress cover, $10 lamp, $50 dresser or nightstand) and provide the kitchens with basic supplies (Walmart $20 4 piece set, $10 silverware, maybe some pots or not, can buy 1 multipiece set and split it between your units)Install Schlage Camelot electronic Door Code locks on the door ($100 Amazon-no lockouts) or a lockbox ($25) with backup keysPost on Nextdoor and Craigslist looking for a “house Mom” / Cleaner who will clean units between guests for $20/turnover.

Key things to consider/evaluate in any geo area: job growth, population growth, major employers in the area (ensure these are permanent ones, f.e. hospital), town/city population size, supply vs demand for housing and what type of housing.

Take your loss and keep moving.Side note- markets like KCMO have such a high rental housing supply that tenants can be picky.

Seems like it could be a good idea to drive more supply in the area and help with the affordable housing that everyone always seems so upset about around here.

Then, head to the hardware store and lay in a supply of plastic drop cloths and blue painter’s tape.

There is limited supply of multifamily properties in Baltimore City and demand is high, so prices get bid up.

We are interested in the BRRR strategy but housing in our market is quite expensive and In short supply so we’re considering sellIng our Rental and doing a 1031 Exchange to invest in a less expensive market like Indianapolis.