This includes a 4.2% increase in rent costs and a 2.5% increase in homeowner's equivalent rent.New Residential Construction Data: Housing starts increased by 3.6% in May 2024, reaching a seasonally adjusted annual rate of 1.72 million units.

The only exception is when we have "Santa Ana" winds from the East in the fall, which are absolutely glorious days on the coast, but summer tends to be one of the worst weather seasons.

Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.

Families with older/grown kids. 

During this period, there is typically less competition from other buyers, as many people prefer to move during the warmer months or avoid house hunting during the holiday season.

Had I fully seasoned it, I likely could have gotten the full amount back.

Proximity to NYC, demand, amenities, and seasonality all play into why those are great.

I live in MN and we don't have time to screw around or our busy season is over.

I’ve got one property where my bill was about $3500 for the season.

Welcome to BP Marshall,These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.