This will pressure up the rents.We saw a similar tight supply in sales as well.

We’re finding a lot of good quality low profile LED lights at Home Depot that are really spiffing up our units as opposed to can lighting for ease of installation.

I'm not opposed to paying for education but was thrown offguard as they didn't not set my expectations & I didn't think I would feel so much pressure. 

These loans that include future rehab will come in different flavors from current 7's to 12%'s in rates with different speeds to close, ease of access to the funds, different pricing and requirements to qualify.Typically the more Full Doc or tougher the qualifications are (like debt to income or DTI req's) the lower your rate/pricing so its a trade off.

Good deals (great deals) are WORKED - negotiated, bartered, set up creatively, and necessitate understanding the opposite parties motivations, desires, needs, pressures, etc.

I would 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.

You didn't mention the time frame but if that opportunity was a few years ago they had upward pricing pressure (hence $200k high sales price) and lower interest rates bringing in more offers.

I like the ease of use and keep 20 to 25 properties covered by them.

. :-)I would bet that rates will start to ease come spring of '24.

The price point entries in those communities are much lower and the cash flows are excellent with much less rental pressure on units and a better homes for sale ratio.