Even when they miss their targets by 57%, you as an owner have zero recourse.

Not sure how will it work if you want to target Midwest or other out of state properties. 

Not so much ;)So now investors are feeling the weight of dog properties…be it higher interest rates, non paying tenants, property values falling, government intervention (especially in CA), etc.

This will happen in a market with balanced supply and demand, in a monetary system like the US, with fiat currency targeting 2% inflation.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.

How many units are you targeting for your first acquisition?

Target low income and transient groups.   

Addressing Housing Demand -California’s housing shortage is well-documented, and SB 9 directly targets the problem by promoting small-scale, incremental density increases.

If you're targeting a specific market, I suggest connecting with local investors through meetups. 

If I was looking in PG County, I think Hyattsville and College Park would be my main targets.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)