And the reason why your "tale of two halves" will play out as you described.Demand:  This has actually been high almost all along, but rent growth hasn't materialized in response due to high levels of new supply. 

Hey @Frank Pyle, this is always a tough thing.

It tough to compete with you experiences folks!

Not sure about MTRs.My general conclusion was that it is tough to do business in the town if your goal is to buy property as pure rentals out the gates and no intention to occupy.

But they're tough, because there is a ton of competition.  

That area can be pretty tough with tenants. 

I’ve heard a lot about BRRRR, fix-and-flip, and rental properties, but I’m curious about what’s working for you all right now.I know from talking to people that some have gotten into bad deals while using their own money, and I’m worried that using bank funding and ending up in a bad deal could make things even worse—not just for the investment but for the relationship with the bank as well.I’m just trying to make sure my clients use this funding in the right way, without getting themselves into a tough spot.

A good PM isn’t just reactive—they should proactively work with you to optimize your portfolio.Finding the right property manager is crucial, so don’t hesitate to ask tough questions.

I came up with $385,000 to build for material/labor.

It would be tough to rely solely on our own funding.