Is this reasonable idea for this market?

The residential lease market in Arlington County, VA, from January 2024 to January 2025 has experienced some changes:- Units Listed: The number of units listed decreased by 1, a 0.64% decrease, from 157 to 156.- Listed Median Price: The listed median price increased by $75, a 2.78% increase, from $2,700 to $2,775.- Units Leased: The number of units leased increased by 9, a 6.67% increase, from 135 to 144.- Sold Median Price: The sold median price increased by $75, a 2.68% increase, from $2,800 to $2,875.A slight decrease in units listed indicates a minor reduction in supply year over year, while an increase in units leased suggests a rise in demand.

The same goes for coastal markets. 

I have tried both, I think it depends on the market you are targeting and the type of leads.

Typically on market (retail) SFH rent is at ~0.5% rent to purchase price ratio. 

For years they made bank as a pioneer in the STR market.

I am in the Memphis, TN market, so we aren't far apart. 

In this market small multi families are not traded frequently meaning they do not have comps for these properties.

Quote from @Andrew McArthur: Hi all, I'm from Toronto and been doing research into South Carolina's Multifamily market, specifically Greenville, Charleston, Columbia. 

Hi David, take as much time as you need to learn the Nashville market.