Or are we wrong and there some other issue depressing demand. A

The oooogly way is to spend every cent of HOA fees each month and have nothing for capex, and then suddenly demand a crazy one-time sum down from all the owners when capex pops up. 

But if multiple rentals have it and they show to demand a higher rent in your area, it may be worth considering it.

As we move into September the hope is that we stay at this level to give buyer demand a chance to catch up with supply.

As an example, no jurisdiction can demand a minimum lot size, limit your max size below 850sf, or limit the square footage beyond the states laws, etc.

However as dictated, contractors are in high demand as well, so this can push back your times.One of the reasons to focus on high quality teams however is they typically have those relationships and cycles down to a t.

If two identical properties in two different locations produce the same NOI, but trades at a 6 Cap and the other at a 7 Cap cap, axiomatically the 7 Cap is more risky since the market has demand a higher return for that asset. 

So they will be less likely to demand a much higher price because they'll feel that there's less demand and might get more desparate.Then you can take that 1500 square feet and add another bedroom and for much less than you would actually be paying to buy the 3 bedroom 2 bath that everybody else is trying to get.You can also do the same thing if you look for like a one-bedroom that's around 1,000 square feet to which you can add another bedroom and still have it be you know relatively we spacious.Really, this works for just about any number of bedrooms.

sure but no one is going to not rent that place for picture not being amazing they are good enough in my opinion. i would lean more towards the price being to high. i dont know the area but the kitchen could use a little face lift but if that area doesnt demand a nicer kitchen then i wouldnt  worry about it. drop the price dont pay anyone for picture and bet it will rent.

Updating the house allowed us to demand a higher rent in the area and get a better quality of tenant.