I'd suspect high sales prices in your area?

I'm highly allergic to cats (like super-allergic) and also allergic to most dogs.

We've essentially ruled out investing in our local community because we can't seem to find a good deal (we live about 1.5 hours north of NYC, so purchase prices are very high), so we are considering (1) investing out of state; or (2) investing in some northern NY localities (Syracuse, Albany, Rochester, etc.). 

The Housing Wire article chart shows how FHA and VA loan delinquencies are approaching really high historical levels, close to that of the housing crash.We are still at historic lows for conventional loans.

Tremont is an excellent area with really high market rents and super high demand.  5000+ sq ft. is huge too, congratulations!

But in today’s market, with high interest rates and increasing home prices, finding a perfect deal that checks every box is nearly impossible.

Most high growth markets like Indianapolis or Columbus won't hit 1% rules in good areas.

They also tend to offer good cash flow relative to their cost, especially in areas with high demand for affordable housing.

-What’s particularly concerning is that poor tenant placement and high eviction rates don’t significantly hurt FPM’s bottom line.

This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.