My appraisal came in significantly lower than I expected (only a 5% increase from the value the property was appraised at 4 years ago, in spite of values generally increasing 40-50%).

@Nathan G.Do you mean it's unfortunate that these people are paid only $10 an hour in spite of the fact that they have Masters degrees or do you mean that these managers should rather hire local people, in which case they'd only have to pay them "slightly" more or both?

While demand to buy apartment buildings has increased in spite of being in a COVID environment, inventory has not, which means prices have not fallen as many investors may have hoped.

In spite of the surge in jobs in March, total payrolls are still 8.4 million short of where they peaked pre-COVID (with the leisure & hospitality sector, all by itself, accounting for 3.1 million of that deficit).

(Usually would advise not letting current PM go until you've got another PM waiting in the wings to take over as daily PM tasks are often set aside in spite of being fired- including rent collection in  some cases!)

In any case, I'll take your advice and continue pursuing this in spite of the risk/challenge.

In spite of all this I feel as a mom and pop landlord with single family properties proving anything is very difficult.

Rents seem to have held stable and have been paid inspite of moratoriums?

We lived in HI for 6 months and the STR market was thriving in spite of 30 day minimums and 30% taxes, retroactive taxes, and a $2000 bounty to rat on a neighbor.   

Even in spite of the fact that it hurts us lol.