Several economic factors are contributing to this shift:Overbuilding: Some areas of Charlotte have seen significant overdevelopment, leading to an oversupply of rental units.Tighter Money: Rising interest rates and economic uncertainty have made tenants more cautious with their spending.Tenant Behavior: Many responsible renters are choosing to stay put rather than take on the cost and hassle of moving.What Does This Mean for Landlords?

I would provide the capital and otherwise stay passive, but hopefully grab better profits than private lending?

After that, it goes up to 5.875 and stays there!

We actually stayed in one as an Airbnb. 

STAY AWAY!

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

A lot of family businesses cannot stay in business upon parent death due to no longer getting the prop 13 property tax discount.  

Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.