While more development did happen over the last few years from development projects started in 2021 and 2022 when rates were lower and developers could outlast supply chain issues, the upcoming supply is expected to drop again, as we will discuss later on, with the relatively sharp rise in interest rates that has dried up investment capital due to the fear in the market, sellers opting to hold out on their land and or properties until cap rates and interest rates subside again as is expected in the coming years, as well as banks being cautious to lend on real estate due to this sharp rise putting many projects that were started in 2021 suffer greatly from a 7x increase in rates over the following 40 months that had adjustable rates or 5-year terms which is very common in larger multifamily investing.

@Rene Hosman The only time I've seen them is larger buildings that have financing and the success of the project is contingent on a certain occupancy number, but then again what project isn't :) That being said, I'd always write concessions to start on the second month of full rent.

All of this at $0 cost, just some time, energy and effort. 

One last thought is your likely going to be getting a larger depreciation write off with new acquisitions.

This thread shows there is a need for a larger guided discussion on best practices as it relates to (renters) insurance.

Testing out smaller jobs with potential handymen can also ensure quality before committing to larger tasks.Regarding financing, holding onto the properties seems wise, given the strong cash flow and equity.

Tough last name to have in the land of the Golden State Warriors ;-)I have a client in Kansas City, MO that has done something similar with one of his larger homes.

The larger, family centered houses near the beach are nearly 50/50.  

We syndicate larger self-storage deals and work with passive investors. 

Heating costs can be a killer on larger buildings with central boilers, especially in colder climates.