Even if I do not make an offer, I will provide feedback on how below market rents or unrealistic rents decrease the value of an investment property.   

I recently received renewal paperwork for 2024/25, shockingly the premium decreased a few dollars. 

The results are:Delivered over 530 investment properties to more than 180 clients worldwide.Our repeat business rate is >90%, indicating the clients made money.Our average tenant stay is over five years.We've had 7 evictions out of a tenant population exceeding 1,000 over the last 17+ years.Our client’s rental income has been highly reliable: no vacancies and no decrease in rent during the 2008 financial crash.

I recognize my numbers did not include closing costs and as you pay down the equity, the LTV decreases (but you get the equity paydown), but this return is so high that even if it had a modest hit, it would still be a great return.https://www.neighborhoodscout.com/ca/san-diego/real-estateAdding in forced appreciation can create an infinite return via brrrr.  

However, this will typically only decrease the monthly premium by a bit. 

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

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

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

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.

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