Before you pay for inspections, estoppel, etc. go look at the property yourself.

Quote from @Tom Nagy: Thanks for sharing.

Thanks for this excellent write up, Julie, and for shedding light on a very important subject!

Dayton is a great market for multi-family.

Thank you in advanced for your help!

@Eudith Vacio Hi Eudith- Thanks for reaching out.

Hey Biggerpockets community,Thank you for reading and taking your time to respond.

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

Look at the detail a transaction requires plus you need to track this information for tax reporting.