Not because it might be mispriced, or the area isn't seeing that much demand anymore, or any other reason - but because that will come into play when the bank does an appraisal on your property. 

Demand is keeping up with inventory.A trend we'll keep an eye out for is the gap between median asking prices and median sale prices.

Strong rental markets: Many Midwest cities boast robust job markets and growing populations, creating steady demand for rental properties.4.

IF tentnat demands the utilities in their name - thats fine too 

I suppose you could see if there is demand in your area though.

My investment strategy focuses on long-term, low-maintenance SFRs in high-demand areas, aiming for cash flow rates above 7%.The market dynamics can vary significantly from state to state, and even from block to block within a city. 

The problem as far as I can tell is that new construction vastly outpaced rental demand. 

Your goals need to align with whoever your potential investors are.I would schedule a call with a securities attorney, such as @Kim Lisa Taylor to walk through your structure, returns, and business plan, especially if this is your first syndication.There will be demand for your type of deal, especially investors who want a flight to quality in this part of the market cycleGino

Start by evaluating your current financial position, setting clear objectives, and focusing on strong rental demand, population growth, and economic stability.

When you meet with the contractors, make sure to have them help you understand what you have, what will be required to repair and maintain what you have, and what you should be budgeting for future capital improvements, if needed.As we go through DD, we are also putting together the strategy for the park, performing our rent survey, running our test marketing to understand the demand in the market, and creating the budget for the project.All the best,Jack