Now the landlord has to eat the cost of the attorney, it took a month or two longer, probably will raise rents, screen harder and ultimately the vast majority of good tenants get to pay the price.That's why I donate my time to the RPA Rental Property Association of Wisconsin, which is a local non-profit REIA and we lobby in Madison for sustainable landlord tenant laws - if you are a Wisconsin investor, please consider joining.

People need to eat and pay rent.

The ones who bought in good areas and used my contacts for handyman/repairs do great with cashflow+appreciation but some bought in rougher areas who try using 3rd party managers and the expenses eat into profits even just turnover costs are way under-estimated by most investors add in lower quality tenants and that 10%+ cashflow deal turns into 0%.

Curious - what are the biggest things eating into your profit?

First, the inflation would eat my lunch. 

The Mayor has stated that they are eating up the already limited housing options for poor & low-middle class citizens in the city.2.

ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

I can't decide if I want to pursue a lawsuit for them to turn water back on (and possibly lose) or if I want to eat the money for several months and hope there's water below me.

Maintenance, repairs and turnover eat up the slim cash flow and then some.

What animal describes having a lukewarm prognosis for prices in my area?