Quote from @Celli Mowery: As a BP binge listener, investor and agent, I'm curious why smaller areas of Kentucky are not receiving focus with their low land costs, & lower entry points?

We needed to build more there but the cost to build has doubled and the return is t sufficient.

It has increased steadily over the past couple of years and is now at 3.90%.  

What about closing costs, rent ready costs, lease-up costs?

After a year at staring at insurance data daily, AZ insurance rates are only increasing marginally, while most states are damn near doubling.3.

Does a cost seg or bonus depreciation actually help you in any way? 

Debt Reduction - at the very least, another human being is paying down your mortgage and increasing your equity.

The very tragic LA fires have generated a lot of discussion about insurance costs.

It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

Yes, the 1% rule is getting harder, but hopefully rent prices will continue to increase as they have been trending.