That's the nature of the market in 2025.

@Susan Kang what is drawing you specifically to these two markets as compared to other great markets in the mid-west?

Quote from @Alex Olson: Kansas City is a great market for Build to Rent and traditional garden style apartment complexes.  

I'll give you some numbers for the MTRs we manage in Los Angeles.1-2 bedroom MTRs stays are 1-3 months3+ bedroom MTRs stays are 3-6 months, but often start less than 3 months and extend their stayMTR marketing falls in 2 buckets.

Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Columbus is a great rental market and we have a ton of opportunities here.

In Arlington County, VA, the real estate market has seen notable changes from January 2024 to January 2025:Listings: The number of listings increased by 39, a 19.7% rise, from 198 to 237.Listed Median Price: The listed median price went up by $17,400, showing a 2.25% increase, from $772,500 to $789,900.Units Sold: The number of units sold increased by 2, a 1.59% increase, from 126 to 128.Sold Median Price: The sold median price decreased by $54,250, an 8.38% decrease, from $647,500 to $593,250.Summary: An increase in listings indicates a rise in supply year over year.

If they tenant is $300 below market, that's costing you $3,600 a year.

I would compare the return on your rental to your stock market portfolio.