Economists:It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing. 

@Amit SinaiRichmond, VA has a growing market, a varied economy, and historical significance, making it an appealing investment destination.

Demand in the local market and the state of the economy both have a big impact on how quickly transactions get through.

It's also a lot harder to do that in this economy with high prices and high interest rates. 

Multi-family homes provide more cash flow, risk reduction, and economies of scale, but they need more capital and may have higher turnover.

Some agents told me it's because rates are high and people are not willing to sell their properties with the lower interest rate or people are waiting for rates to come down or waiting for the outcome of the election or economy is bad. 

This is the first time USA is acting like Africa fourth-world country that they blocked presidential candidate by using a "judge".Also take a look at how Elon Musk is treated when they're not voicing the same song as the elites.Something really broken in America.And, in this digital age, with TX now the 8th largest economy in the world among nations, does TX really "need" the Federal Union any longer?

Economy of scale kicks in and they cover each other and still leave cash flow.

I also want to suggest other ways of getting the 1% rule in the South (which is still achievable), and set some expectations for this interesting market and economy that we all find ourselves in. 

Especially since you don't live in SD anymore.Lastly, multi family units and apartment complexes simply offer greater economies of scale for maintenance and other expenses because it's more "doors" under one roof.