That begs the question are you seeing similar in your markets with either single family homes existing or new construction?

@Kwanza Price - Syndications are a great options and even some QOZs. 

However, just check the zoning to make sure you can convert he single family to a triplex.

A local property manager will make this much easier and handle the visits for you.Single-family homes can still do well, even with more apartments popping up, as they cater to tenants who want privacy and space.

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

I got so lucky - the first 3 years, during the depths of the pandemic, I had a perfect tenant, no problems, even during the storms. 

I agree that 1-4 unit properties are a different ballgame, but within my portfolio, I have a 4-unit property insured for $715K—the same amount as one of my single-family rentals.

The previous owners turned in into a single family home.

Some flippers I work with just gets a SOW from the contractors and some get inspection every single time.Typically wholesalers won't allow inspection periods so you have to just trust the SOW or your contractor or your experience.

You could sell lots along the road as single lots.