You could have the same concerns with turnkey providers.The Charlotte metro area is growing at a great pace, and there is a shortage of good housing.  

I would say this to anyone starting out, but you in particular will find no shortage of people that are willing to advocate a type of investment out there that also have nothing to lose by being wrong.

Richard you will find no shortage of people here in Detroit that will take your money. 

@Eric Hemplershort answer - I don't think you're overlooking anything, and this is what I am seeing as well.I think it's a combination of all of the economic factors: a shortage of houses in desirable markets + pressure from home buyers + investors willing to settle for lower returns + low(er) interest rates - and probably othersseveral options as others have pointed out:-accept the lower returns-find something off market and/or with a value add component rather than a plain jane MLS listing-don't invest in RE

There is a massive raw material shortage due to covid and paint availability is being hit hard.

The Phoenix market has been tight for several years due to shortage of inventory, so I guess people find other solutions before they get around to calling road signs. 

Do you really think "Regulations" are causing this, or could it be spending money shortages of your customers, or something else?

As people have already mentioned, there is no shortage of investment opportunities out of state.Do your due diligence, get to know the area (visit if that lets you sleep at night), and vet the heck out of anybody you are going to work with.

Sean Reynolds,The longer you draw it out the bigger the risk you take with ruining your credit and the more money you lose covering your cash flow rental shortage.

Is there currently a surplus or a shortage of properties for rent?