For now I think we're going to just leave the old one in place until it goes out or the tenants see some type of spike in their bill.If I was doing this on a flip I would probably replace the unit.

My only thought being is there going to be another spike as the Apple campus moves forward...I don't know. 

Sounds like your timing was fairly perfect (considering the spike and current lack of inventory). 

We saw a spike in Q4:2018 and Q1:2019 but are back down in the low 2 months worth of inventory now which is where we've been hovering around for awhile.

(I own a good sice portfolio and we are leveraged with a very healthy equity share.)A stress test for your portfolio is basically a set of distressing circumstances, like a worst case scenario and then you look at your bottom line.What happens if:- you loose 30% of your tenants- rental rates soften- your competition starts giving out free rent- your adjustable rate financing kicks in- your annual capex spikes (well, this should not come as a surprise)- etcNow you don't look at this statically and say okay now I cam cash flow negative.

I'm not sure if I understand your question but I can tell you I spend maybe 1 hour every 3 months per door unless I'm working with a tenant leaving and replacing with a new tenant in which case my time spikes up obviously.

Old town willow glen was an up and coming area of willow glen that had not yet seen the crazy spikes of high priced homesThis purchase opportunity was further enticing because it was available with approved plans from another developer.

Got control of OpEx, and in fact even though we spiked in the first 3 months, over the 6 months annualized we are running about $100 per door under the underwriting.We've got no vacancy at this point. 18 units have been renovated and 17 of them are rented at the renovated market which is about $300 higher than in-place.

Our opinion: With jobs also moving westward (toward Meridian and Nampa) and the lower cost of housing in Canyon County, this area is expected to see a spike in development growth.

I am not out 75 days from my closing date and my loan broker said that my 30 days lock rate today would be a 4.625%Do you guys think that a lot can happen from now until June 30th where the mortgage rates may spike.. or will probably remain stable for a few months?