I also look at it from the perspective of I now have extra cashflow to remove dangerous trees or do preventative maintenance to systems that have higher likely hood of causing damage.For the management I self manage for now so that fee just goes to me.

In my local market (College Station, TX), high rates in 2024 already caused a big jump in inventory, which created some good buying opportunities.

For example, not having on-site storage can cause a lot of logistical and financial issues.

Pad split is great but you need to be careful what cities you do it in cause it will bite you if done wrong 

Some people that my broker knows spent money on an attorney to draw up a contract who meant well but caused more harm than good.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

Just cause the market is "red-hot" as you've said, doesn't mean people will over pay by 33%. 

Very common to have structural issues caused by soil movement. 

If it's something that you have caused then it needs to be corrected.

Technically, Conventional allows 15% down but you end up incurring a hefty hit to your rate/points options when you put down less than 20%, which makes causes most people opt to put 20% down.