not in any market. there are DSCR loan coverage on plenty of deals. we build ground up I could send you a lenders underwriting of the triplex we build here that someone can get a full return of capital on within 8 months. that's in columbus. maybe not buying existing, just change your strategy. open your mined. go to some conferences. don't buy in bad locations. we are doing deals within 1 mile of the urban core of columbus all day long. land here is a buyer's market there's more than 6 months supply and it's 22 times cheaper than land in miami fl where I also do deals in. 

I've been doing this for 20 years, and I still think buying existing properties is the best option.

It doesn't exist. 

End of the day though you can still buy existing homes there for less than replacement costs and until that changes you will continue to have very little competition from new builds.

Unique Undersupply Condition: Covid canceled many projects and hospitality is now undersupplied and existing properties have had underinvestment.CONCLUSION: Rates for hospitality and especially upgraded properties should have strength2.

Durability in harsh environments, long-term value, and integration into existing neighborhoods are all factors to consider.I'm curious to hear your thoughts!

@Alex RodgersGet the rent on my Bay Area SFH up to market rate, may do MTR one of the rooms (existing tenants are okay with this), raise rents on existing tenants in mult-unit (a little difficult since it's under rent control so for 2023 could raise it 3.6%), raise rent on existing tenant Class A Indianapolis home (still figuring out the amount, don't want to scare away a great tenant). 

I'm sure what you are asking for exists, but the price might be more than you want.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I realize options may be limited here in the Phoenix area (only two I know of in Phoenix & Chandler with storefront units), but if anyone could point me in the right direction (on either (1) what to search for, or (2) any existing properties to look at), it would be much appreciated!