Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandThe driver for housing demand is population growth.The average Las Vegas annual population growth is between 2% and 3%.

Do you look at the annual average principal amount of the loan paid down over time?

For anyone familiar with the area, what would be a reasonable amount for annual repairs to build into a model?

On top of the NNN/CAM allocation you also want to factor in annual rent escalators and vacancy assumptions.

Quote from @Arthur Schwartz: From your PITI, how much is the monthly or annual pay down on principal? 

Mine and my SO’s annual income gross income together comes out to around $148,000.

This might result in a smaller annual depreciation deduction.Strategies for Tax Efficiency:To optimize your tax position, ensure that you are maximizing allowable deductions such as property management fees, repairs, and mortgage interest.Mitigating Tax Liability:Consider consulting with a tax professional to explore strategies for mitigating your tax liability.

Currently, most of my investment fund is with projects/deals in FL for a minimum guaranteed of 20% annual returns.

Instead, they keep talking about needing “confidence” that inflation will reach their 2% target, when it is already there if you annualize recent monthly data.

Reach out any time- I'm literally the STR investment expert in the area.My clients are getting approximately $140k-150k gross annual revenue per $1M invested.