Supply and DemandIn real estate, prices and rents are determined by the imbalance between the number of buyers and sellers.When there are more sellers than buyers, prices decline until there is a rough balance between the number of buyers and sellers.When the number of buyers exceeds the number of sellers, prices increase until there is a rough balance between the number of buyers and sellers.Rents follow prices.Higher prices reduce the number of people who can purchase, increasing demand for rental properties and increasing rents.Lower prices enable more people to purchase, decreasing demand for rental properties and decreasing rents.What determines demand?

If you don't replace items frequently, the quality of your product decreases quickly.As for insurance, I truly haven't experienced this phenomenon. 

Hi @Brandon Burch, I think you should be able to get more than a 1% decrease in your rate as the FED is expected to drop their rate by 25 or 50 bps at their next meeting on September 18th. 

Mainly:Annual Depreciation (About $50,000 for 27.5 years)Mortgage paydownAbility to refinance and lower your payment when rates decreaseAbility to use tax deductions for rental property expensesAnd More!...

I should add so many agents here, are gonna tell you this ******** about renting being a waste, but it’s literally cheaper by in some cases thousands a month when factoring in repairs, you can put excess savings into index funds etc. every single friend I have all of whom are pretty fiscally savvy have made the same calculation, I even have a good friend who is trying to sell his condo to rent because his monthly expenses will decrease when he sells his condo & he can be in a better area.

Rents have flattened and even decreased. 

Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

Your local bank may be vetting your finances and telling you 15 percent to decrease their risk.

I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.

My basis would then be decreased by the $ amount I sell.