So the interest payments decrease over time and more of your fixed payment goes toward decreasing principle. 

Plan currently is to offer a six month lease when their current lease ends to have it end in summer, with the thought that at any point they would give me their notice of vacating hopefully with atleast 30-45 days to find a new tenant.

“I have 10,000 units and $2B under management” sounds a lot better than “I raised $500M in equity financing and have lost at least 75% of that equity if I were to liquidate my portfolio right now”They have already begun sending threatening legal notices to members who post on these forums, even when those members post factually correct information.That’s why a forum that allows discussion to take place on this subject that is designed to shine a light on GP behavior and performance is so important.  

Since values have still remained strong people are still cashing out further decreasing supply. 

@Calvin Pringles, I've been looking around Saint Petersburg largely for this reason, I noticed coincidentally that unlike many/most other jurisdictions, their city ordinance doesn't seem to require owner-occupancy to lease an ADU, so I thought the same thing as you.

I would guess between $600-$1,000 annually would be a good estimate for a rental house based on what I have in my portfolio... so I would decrease the $187/month to about $80-$100 per month.

I was searching through some of the data and noticed that there are people from New York and more expensive cities moving there (which I would assume will drive up market prices). 

I am convinced that we are a headed for a major recession and temporary decrease in property values, but you have to have money to take advantage of the buying opportunities.Hope this helps.

So when you put more people in a property with lower taxes, your tax revenue per resident decreases.

So when you notice something like this, how kicking your kids out at 18 and telling them to start from scratch and consume and buy all the same stuff you consumed and bought is keeping your family down, and ain't workin', and immigrants with the mentality of pooling their resources together, sticking together, and making due with less seem to have the right idea...