Fundamentals are key for me. 

the claim that PM cannot share tenant's credit file / application is fundamentally incorrect because (caveat - not a lawyer so this is not a legal advice, was told this by a lawyer, but you still need to talk to your own lawyer)1. the business relationship is between the landlord and the tenant, not between the property manager and the tenant - property manager is given limited rights by the landlord, which include tenant screening on the landlord's behalf, collect rents, etc. and all such limited rights are fully revokable. 

Comp's only matter for opportunity cost and appraisal purposes but if doing first 3 fundamentals correctly it always appraises. 

@Mariam Soorosh Philadelphia has strong fundamentals, with certain neighborhoods possessing stronger fundamentals than others.

I know that DFW and TX in general is booming and have great underlying fundamentals with population growth, however I am specifically interested in understanding perspectives as to whether or not South Dallas would be considered a "path of progress". 

Many lottery winners do not know how to handle their windfall of fortunes.Many lottery winners have poor financial fundamentals. 

Interest rates are fundamentally affected by inflation.

Overall, the surge in new apartment construction, introducing 440,000 units nationwide, underscored the direct inverse correlation between supply and rent growth in 2023.It is important to note that some markets such as Miami and Detroit have shown resilience posting continued rental rate growth figures indicating a fundamental strength in those markets as well as a secular shift in American demographics.Meanwhile, New York City stays consistent with an unprecedented housing crunch, reaching a 50-year low in rental availability.

Who ever wrote this does not understand the fundamentals of taxes 

Society, technology, etc continue changing overtime but the way people act is still fundamentally the same, which is why the cycle will continue.Summary:2006: peak of the cycle and beginning of the 18 year cycle repeating itself2007-2011: 4 years of decline2012 - 2019: 7 years of an appreciating market plus 2020 & 2021 due to COVID and low rates.2022-2023: mid cycle slowdown caused by rate hikes but home prices still rising2024-2026+: Home price growth continues especially due to extremely low inventory, inflation, and other macro factors.2012 - 2026: generally sees 14 years of price growth, completing the cycle.Before everyone comes in and starts telling me I'm wrong, I encourage you to read the book and then see if you still feel the same way.