I'm a bit of a national park nerd and other areas certainly apply to this thought, but look at something near locations like Mammoth Cave in KY or New River Gorge in WV.

Unless you know a big cave man network of investors flush with cash I don’t understand logically how you could move something that’s not moving on the MLS.

I have a park next to mine that has been repositioned and is very nice.. he offered to buy it from me but not at a price I felt was a good enough return on the time we have spent goofing around with this and dealing with the delightful hold over tenants.

The property is around the 70/Cave Springs area.

Be nice and treat people well even when they're giving their sob story but some will test you early on to see how fast you cave in or are willing to bend the rules a bit.

This is a tough market to be a buyer which means less deals get done.Avondale, Gilbert, queen creek, peoria, cave creek have the strongest drop in CMI (most weakening markets)Market is weakening because supply is finally coming up in those areas“We want demand to stay high and supply come up to meet it” = lots of sales, still a strong market“We like weaker seller markets”Closed SalesClosed sales are in the past, supply and demand tells us where we are goingSales Price vs List Price should come down due to weakening signsIf you look at closed sales measures, we are still a frenzy (homes are still selling OVER list price)Overall 22% annual appreciation rate, 54% closing over list price, still selling at 101.9% of list price3 things you look for in a changing market:Price reductions – started 3 months agoDays on Market going up – started 2 weeks agoIncrease in Concessions – not moved yetConcessionsAlways spike at end of month (before COE)But hasn’t moved yet; should see this rise before market really changesAppreciationMedian sale price ($480,000) went up 2.1% over last month (still strong); up 22.3% over May 2021 ($392,500)Thus, prices are still rising.However, appreciation per s/f has already flattened month over month at $306.11/sf.

Most of the tanked returns were for bad manufacturing or transport (how do you ship a water heater with smashed controls, dents the size of bowling balls, caved tops, or missing internal piping without a scratch on the shipping carton? 

They were relieved the increase was not as drastic as they anticipated and delighted they would not be compelled to move.In cases were we do not wich to retain a tenant, we would increase the rent to market (or as much as is allowed) in one single jump.In some jurisdictions you can request to take possession of a vacant building, which results in the existing tenants being served notice when the deal goes firm.

I’m not particularly delighted that that interest rates are increasing, but what ev’ errrr. 

@Kristi Allain Thanks appreciate for your The delightful feedback.