I also have caulked the seams on the inside of the cabinets to inhibit water from getting absorbed. 

Still, there are lenders who will qualify you even if your mortgage payment will not be fully absorbed by the projected rental income. 

The market absorbed 664 units in Q1 2024, a positive sign after negative absorption in the latter half of 2023.

There are cases where certain portions of the NNN Expenses are capped at increasing more than a certain amount over the previous year which is another thing to take note of when purchasing an existing asset because if the NNN's are capped then the owner runs the risk of absorbing a portion of the Operating Expenses which ultimately kills cash flow. 5.

When it is 2000 per month, you easily absorb those things.

Next door is a better book but it’s old enough that you have to ignore numbers and just absorb the ideas. 

It may be cheaper to only increase rent by $X amount, rather than spending tens of thousands on renovations and absorbing vacancy losses. 

Unless.... your happy to be VERY cash-deep into it and ready to absorb the hit's of a LOT of time delays and additional expenses or cost over-runs.

Once the current glut of new supply is absorbed, there is nothing in the pipeline, creating a 3-5 yr window of lower competition.  

I'm eager to absorb any advice, insights, or experiences you all are willing to share.