August 2024 payroll numbers continue to show a resilient job market, despite revisions expected to push the data higher, following a trend seen in previous years. Economists note that job growth in typically underrepo...

Also, focus on markets with strong job growth, affordability and economic development.

But the question is whether one can actually achieve the proforma cash flow on older properties with a less economically stable tenant base.Based on your picture, you appears fairly young.My advice is buy properties in quality locations think long term 10 to 15 years - slowly and safely build your portfolio - equity and cash flow will increase over time and in 10 to 15 years you may become financially free.People talk cash flow is king but one can NOT generate financial freedom cash flow with $250,000 or $500,000 invested (equity).Even at a 10% cash on cash return, one needs $1.2M invested to generate $120K a year $10K a month.You want property to be self supporting so it needs to cash flow but once that is reached the focus in my opinion should equity growth which increases net worth.

I'd recommend doing some research into what markets you want to target (landlord friendly / growing population / economic drivers and developments) of those markets. 

I suspect the jobs market and economic data is going to come to light after the election which will show the economy is not as good as we thought and potentially provide a little more relief on interest rates.

Seems like the city is projected economic development from hospital and Honda plant .

A normalized FED Funds rate might settle around 2-2.5%, but reaching this level could take 1-1.5 years of rate cuts, depending on inflation, unemployment data, and other economic indicators.ConclusionThe current distress in the multifamily market presents a significant opportunity for mezzanine debt and preferred equity investors.

But I'd be careful with any long term forecasts (economically, demographically, environmentally, etc.).

So, don't overreact to their maintenance requests.2) A landlord should eke out every bit of life from a roof, HWH, etc. and put band-aides on it until it makes economic sense to replace it.3) Maintain to the Neighborhood!

What is the economic occupancy?