@Crystal Lo - You're in a great place to be with both options.

Thank u Crystal!

This has happened already, as indicated by the dramatic inventory reduction in December 2023.The increased supply will be limited in my opinion, especially in CA due to property tax considerations.My crystal ball says 2024 will be a high price appropriation year.

And you should always have someone review the language in the policies and the UP policy (yes, the full 80-100 page documents) to make sure the exclusions are crystal-clear. 

@Crystal Chaillou VERY good info.

The more details you can put in IMO the better, and make sure  everything is crystal clear with the tenant too so they know expectations.    

Man, check out that crystal ball prediction about lenders laying off vast numbers of their staff from 4 months ago, unfortunately it was on the money. :)

Crystal clear!!

Hopefully, with the Fed slowing down the rate of increases, it should settle the capital markets and bring the costs down a bit, but most people's crystal balls have become snowglobes in the past year.

Crystal clear and much appreciate it!