Hi Jonathan, I started with out of state turnkey rentals as well but slowly moved away from it, reason is because is mostly for moderate to good appreciation and low cashflow.

I'm hopeful that simple supply & demand will allow for moderate rent increases for at least the next 2-4 years.3.

While that is one of the lowest annual figures of the past decade, it is concentrated in the fourth quarter as demand struggled through the first three quarters of 2023.Construction remains a prominent market theme but has moderated recently.

hi George, I'm not sure you can erase a post without contacting one of the moderators or help desk.

At this point you would probably want to play more defensively, less risk, accepting moderately smaller gains, and perhaps switching to more passive investments.  

@Thomas W.There's an unspoken assumption in what you write that most even moderately successful RE investors start from zero cash reserves, save money from their regular jobs and make money through wholesaling and flips with OPM, and then fund their property acquisitions out of their flipping and wholesaling.

I  expect moderate interest rates coupled with low to moderate appreciation and low rent growth over the short term. 

The appreciation and the rent growth rate could be higher or lower each year.If interest rates drop meaningfully, I expect price and rent growth to accelerate.If interest rates increase (as in 2023), based on how our segment performed in 2023, I expect modest to moderate appreciation and rent growth.What About the Interest Rates?

If you want exposure, just buy enough to get that then buy the reciprocating notes behind it in the short-term.Buy great property, moderately low leverage once in 4 years.

I’d like to scale at a moderate pace.