Will it be enough to make up for the lack of income growth, buyer sentiment, unknown economic plan for after the election and the high valuations of properties?

Just don't get stuck investing time/energy into recouping something that can be recouped in a different investment faster. 

In my experience, economic vacancy is typically more than 8%.Your NOI calculation is not correct.

That was the entire premise behind raising the FFR - to slow down economic activity by making financing more expensive. 

I realize the current economics are great for those goals but that is my goal.

However, getting a policy to cover a few thousand dollars worth of damage to one of my glamping tents is not worth the money, time, or energy for me.

Labor Day sales showed shoppers seeking bargains, reflecting heightened concern over inflation and economic uncertainty.

Mitigation Strategy: Cost-efficiency improvements such as energy-saving upgrades or negotiating better service contracts to reduce operating expenses.

You can also consider increasing your deductible to lower the premium, assuming you have enough reserves for emergencies.Energy Efficiency Improvements→ If you cover utilities for your rental properties, look into energy-efficient upgrades (such as LED lighting, better insulation, or energy-efficient appliances).

.- Diverse Property Portfolio: The area seems to have a mix of both residential and commercial properties, which could allow for diversification in your investment strategy.Strategic Location: Shelby's proximity to global markets via nearby airports, rail, and port facilities could make it attractive for businesses, potentially driving demand for both commercial and residential real estate.Potential Challenges- Economic Concerns: The unemployment rate of 13.0% is relatively high, which could impact the overall economic stability of the area and potentially affect real estate values and rental demand.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).