Seems like days on market is going down but inventory is trending slightly upward.

Our inventory is low.

Building your own excel model & just combing Zillow in whatever market you're looking to purchase/running the numbers and finding accurate comps is a great way to start.In this market, you're going to need to look at a lot of properties before you find one worth it (largely due to low inventory & high mortgage rates).

This low inventory will continue to pressure up rents.We saw a similar slight slowdown in the sales market.Sales - Months of SupplyIn September, our target property profile has a supply of 1.5 months.

I think I’m more interested in BRRR rather than STR mostly based on the inventory.  

The apartments a very few and even when you look for hidden markets of inventory by the time you turn your head from side to side it is gone.

Also show market analysis of both inventory and rent rates compared to your plan. 

All of my customers in NJ, NY, CT, CA, WA and other states are all buying in those states as well as a few others.The price to cash flow ratio is going to be better in those states as well as having a higher inventory of both single family and multifamily rental homes.

And subsequently I bought and sold over 1,000 properties for my own inventory, and the last 100+ properties  were bought 100% cash.

Application of the 70% RuleWith this in mind, let’s examine the application of the 70% rule.Housing inventory price pointThe 70% rule can be adjusted, depending on the price point of the housing inventory.