And lastly, I search FunishedFinder listings nearby, find comparable properties, and track the listed rent for a few months (does it increase, decrease?).

When supply is decreased, prices rise because of the imbalance with demand.

If you are $1,000 per month underwater, you probably need interest rates to drop 2%+ to decrease your mortgage by $1,000 monthly.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

It may be a good time to sell when the market is experiencing high demand, rents have stagnated or decreased, and your property has substantially increased in value compared to its initial purchase price.To decide if it’s the right time to sell, compare the increase in rental rates with the increase in property prices.

I will assume an initial rent of $1.000/Mo.5 years: $1,000 x (1 + 2%)^5 / (1 + 4%)^5 ≈ $90710 years: $1,000 x (1 + 2%)^10 / (1 + 4%)^10 ≈ $82415 years: $1,000 x (1 + 2%)^15 / (1 + 4%)^15 ≈ $747So, every year, the amount of goods and services you can buy will decrease, even though rents increased each year.

With supply increasing and demand decreasing, how do you see this trend impacting investment strategies moving forward?

All bearable risks compared to putting $100K+ of your cash into any deal (at bare minimum) and then loosing it all due to slight mistake or unforeseeable events that you can't control.

Was looking at projections today based on rate cut cycles and chances are we could see rates drop into the high 4's/low 5's in the next couple of years on average (that's based on previous cycles and a decreasing spread between the 10yr and mortgage rates). 

Johnny, I know exactly which lender your working with.I am going to tell you, there are better options.Look around a bit, That prepay is 5% fixed for 3 years.I wouldn't pay 22k to buy a rate down in a decreasing rate environment.A 7.75% on a 3,2,1 declining prepayment is a better bet.