I can't get the idea - how can we benefit from the fact that there are no more constructions in the city, if it is already oversaturated with supply?

I like them better but they are more expensive.Going forward I may stop supplying them but then I risk some tacky tenants putting up a sheet in my lower end units even though the lease says "white or neutral backing only," I think.

While total number of sales are down, it appears to be an issue with supply and not demand!

On the other hand, it could increase unit supply, dropping the rents I could pull in. 

In the mostly low rental areas in NYC but are easy to get to Manhattan or good areas in Brooklyn, Landlords would rather rent short term than to rent to an unqualified tenant and potentially get into a court case, this is ASIDE from making better income on the STRs.That also reduces the supply of available apts.Other issues that has not been addressed but was touched upon when over-consumption was mentioned is that in these rent regulated buildings, there is usually a high demand for services, which will add to a landlord's expense, such as older residents demanding more heating despite conforming to heating laws (BTW, this isn't every landlord...

The agent proceeded to provide only three pictures of the facility (exterior main entrance, kitchen of one unit, and the backyard) and relayed that I can only perform a walk-through upon the submission of a Letter of Intent.Is it common to supply a LOI prior to seeing the units in an MFH? 

The only thing that prevents this is if supply outpaces demand.

From 2016 to 2017, apartment construction climbed by 21%, putting apartment supply at a 20-year high. 

This seems like a population that could benefit from living in rental mobile home parks.Seems like you guys could set up some "Shabby" trailers on cheap vacant land somewhere at the edge of town (cheap taxes) and get the bus route to go out there to take them to work and shopping and fill a need.Sometimes people in Texas give older mobile homes away for the hauling.At $35,750 a year that's $3,000 a month Gross (with 3 deductions), they could afford to rent cheap trailers without Section-8.All you'd need is septic, electric and propane out there.A shabby rented mobile home at the edge of town is a lot better than living in the streets (supply demand),And it might cash flow attractively (with Class-D management issues of course).Just my 2 cents on this.Good Luck!

Hey all,What's your favorite place to go for supplies, namely flooring/carpet, other than the big box stores..