Not sure how midterm does in other areas, but it has been an amazing strategy for me (allowing me to save money on PM and decreasing the turnover and potential issues with HOA or neighbors).

An uptick may be due to the decrease in bonus depreciation by 20% in the new year.

Depending on how much cash you have on hand, you might be able to pay points on the loan and decrease the rate.

Learning from this data, negative MoM real estate private investment occurred for FOUR QUARTERS dating from Q3 2008 , it's all negative until Q4 2009.In this 2022/2023 downturn cycle, we started the negative performance on CRE on the 4th quarter, so if cycle repeats the same, at very least we have to wait for another two quarter data to see the improvement if any.Learning from 2008 experience, the CRE is stabilizing only *after* Fed reduced the FFR, I dont think it's a coincidence that bond market started expecting Fed to decrease rate by April 2024 next year.

Would your -$1000 decrease in a  few years as you raise rent? 

Yes, there may be some depreciation in certain markets in the next 6 - 24 months but overall when interest rates decrease buyers are going to flood the market and prices will increase again. 

Jack MillerI have not had any tenants not pay rent, but I have seen rents soften for multi family and condo rentals (roughly 5-10% decrease in rental rates). 

I didn't want the hassle, so I am taking about a 10% decrease in revenue, but I have less to deal with.

Or is it mostly just a play to decrease volatility in booking rates? 

Also, if zoning restrictions were to be relaxed, could the area end up like others with abundant supply, potentially leading to a decrease in property values?