Quote from @Jonathan Greene: The difference is the low bar of entry.

I have seen older posts from others saying they pay as low as $175 per pier.

Thats a low LTV but without knowing or seeing the PFS, Returns and previous P&L its tough but if strong 65% even higher should be workable.  

Someone I met while visiting runs a construction crew up there so was wondering if anyone could shed some light on the market up there and what they are seeing.

But 3k is too light.

All the tenants have been easy and low maintenance so far.

Assets identified in this study include:Kitchen Appliances: Refrigerator, microwave, garbage disposal, range hood and dishwasherLaundry Appliances: washer and dryerElectrical and communication systems: Specialized equipmentCustom Cabinetry, Countertops and shelvingInterior Finishes: wood flooring, carpet, and decorative light fixtures.61.64% of the total depreciable basis was classified as 27.5-year class life.

Way too many rentals in Frisco and at super low prices. 

Having such commanding knowledge, that stack of 84 pages is just a light read and simple navigation.

Congrats on the new MTR operation.I don't like the idea of putting in what may be a relatively high-cost and low-return piece of equipment in your unit.