Expenses go up every year, especially in the recent years with the inflation, so if the owner is not raising rents, the returns are declining every year. 

Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

There are tons of ethical wholesalers in your home state, who post in some sort of non specific NJ RE investor Facebook group, who definitely do not daisy chain their deals, inflate ARV's or just post crap that's literally on the MLS.

More people probably looking in the cheaper/median priced areas as well with inflation kind of hitting peoples wallets more the last year or two.I think updating the units and being more aggressive on price is really all you can do since we obviously aren't in control of the economic factors.

Also the kind most likely to go over asking.)If we’ve had 10-15% inflation over the last couple years house should be 10-15% higher than 2 years ago.

First step is don’t believe everything you see or hear on the news because they will exploit inflation to new levels to scare folks into something that really isn’t.

That why the numbers are less inflated and based on what the building/project will really require.

Yikes, guess this is the ugly reality of inflation.

In every home we contract in for our clients, we always suggest doing a flat white (we use promar200 extra white in flat finish) and we use the color pediment in eggshell also by Sherwin Williams in the PROMAR 200 product line.

Long term it has appreciated noticeably faster than the inflation rate.