Of course vacant properties or those newer ones not rent controlled are in more demand and demand a higher price.  

If you are looking at SFR then rates will not have a huge impact as their sales prices are not based upon a cap rate but are based upon supply and demand, as the economy improves, rates will increase, home purchases for sfr still typically increases when rates are rising because of all the reason rates are rising.

Just yesterday, I was speaking with an investor about supply and demand as it is represented in 2-4 units. 

Secondly, have you looked into how/what type of demand a self storage unit will be getting in your area?

It was on a hillside, but directly across from Mercy Hospital in Redding, meaning it would always be in demand as far as locations. 

we would have a bigger budget, a stronger strategy will demand a larger portion of the lions' share.homevestors has literally blown the competition in the dust, because everyone on the team is pooling together for a greater cause.think about that. :)

Obviously low cap rates are the result of HIGH demand.  A

The notion that supply causes price differences more than demand, as proposed by another poster, is unfounded in empirical evidence.

He said that there is no way they are paying rent now they've been told to leave and that they will not be leaving.I will definitely be offering them cash for keys however I think they will try to demand a very large sum, like something in the thousands. 

The owner took it back over, cleaned the park, re-built the houses and has year leases on all 8 homes.Demand appears to be continuing but I intend to try Jefferson Lilly's advertising for 30 days  (Podcast #111) to determine demand as part of my diligence.Thank you both again for your feedback; I would love to hear from you or others again.Have a GREAT holiday weekend!