@Mary Peale - Hi Mary, I have a couple ideas that come to mind.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

My name is Taylor, I'm 18 and want to become a real estate investor in the next couple years. 

Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

If they can build a larger home and sell it for the same or more rather then building a couple small homes why do it?

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

For example, I stay 99% occupied with my MTRs - the only vacancies are planned vacancies when I need a couple of days for a turnover.

A couple of tips:Ask specific questions: The more specific your questions (like, “How do you evaluate a potential deal?”

I just recently started a jiu jitsu academy with a couple of friends, and although I was not in the day to day grind of the process in finding a building and building the space out, I did become fascinated with the process.

At the beginning of 2023, we see rates in the mid 3% range, reflecting in development starts slowing in 2023 and 2024 resulting in much lower net deliveries in 2025 and onward as rates continue to remain elevated and bank financing requirements remain tight.As you can see, this has put downward pressure on Vacancy rates, since the lower supply of oncoming units coupled with a continued expected population growth in the D.C.