And along the bay generally there is no smoke there :)  ANd if there was it would be quite short lived.

I have a pro account so I can buy materials at places like Home Depot at the same cost, but not at electrical supply and lumber yards.

If the new administration focuses on boosting housing supply or implementing tax incentives for real estate, we might see positive opportunities.

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

For example, you go to a high property tax state like Texas and you may find a property that appears to fit the 1% rule but once you factor in the $500/month property taxes and $100/month insurance your potential cash flow has gone up in smoke.

He's a really smart guy when it comes to supply, demand, rent control, and overall investing

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

How do you handle contractor schedules and supply chain slowdowns?

(Everyone complains that they can smell each other's food and smoke and  in each other's apartments ) The building is in Northern Jersey where I believe the building is responsible to provide ventilation by law.