BTW, this is with Rocky Mountain Power (Utah). 

If a Cost Segregation Study had not been performed on this $60,000,000 multi-family property located in Murray, UT, it would have had first year depreciation of approximately $1,963,636.

Just in Utah.

- BRRRR in North Carolina's Triad area- A house hack in Salt Lake City, Utah

it was a one of a kind car wash at the time and I think that helped with a high appraisal. at time of the lower appraisal the owners were using as an umbrella company and showing  -$80,000 a year in income. we spent a little bit over half a million to replace and renovate all the equipment and customer lobby all in all. check it out on google, Cache car wash express and detail in Logan utah! 

To prove my point I will take my market here in Utah, this may not be the same for your market but I would be surprised if we are the only location reacting this way.Below is a graph from Q3 2019-Q3 2023.

In addition, Utah has been ranked as the nation's #1 state economy for the last 4 or 5 years. 

Ut with the 7% interest rate ??  

@George Loveless if you'll be buying from Utah and hiring a local professional management company for your Ohio properties, I'd suggest spending a lot of your time looking for good managers and letting them tell you how evictions are handled.

I owned properties in Orlando and Southern Utah and was managing them myself.