Ugh my blood pressure rises just thinking about my wasted time. 

Hi Nick, I've been reading for a year now that multifamily new construction has ground to a halt due to rapid increases in construction costs, insurance costs, financing costs and also due to mass overbuilding in 2019 to '23, causing huge supply in 2024 and 2025, which is now putting downward pressure on rent growth?

I purchased a vacant parcel in Mount Airy that was adjacent to the sellers home.

Experience or not, we each host a little different, and having the pressure of them looking over everything you do is not fun!

Start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

As rents in some areas drop and vacancy rates rise there will be more downward pressure on the CPI for the fed to lower rates.  

To replace a low pressure sensor that is under warranty.

I have to replace an egress staircase from the second floor which was originally made from pressure treated wood.

I have not found one opportunity yet that gives me an ARV of 75%.Any professional investor will tell you that if you go over that the amount of work that you have to put doesn't worth the return.My latest was found in the MLS where we got a better deal than what I was getting from wholesalers.Let me clarify that the wholesaler business is needed, but it seems at the lack of deals they are putting the pressure to then investors. 

As for whether one has to get quid pro quo in increased rent for improvements, there is also a factor of the quality and longevity of the tenants one gets with an upgraded apartment even when rents are limited by neighborhood competitive pressures.