Now that is a fancy political/economic term for the fact that tenants in small MF's tend to have less invested in the place as their home and tend to be more casual in their interactions with their fellow tenants and your property. 

@Andrew SavageNot an expert in this topic as I was taught not to pull from "formal savings" to invest. 

I wanted to use someone who was a local expert and had the in with their network.

I'm not a boat expert, but I understand that a shallow draft boat would help in navigating any shallow areas.

& Birmingham, Alabama you may want to check out but full disclosure, I am not an expert in those markets by any stretch.

Follow those who've gone before.Find experts specialized around that niche.Partner with team members in areas you are not good at or don't want to do.2-3 quotes instead of 1, will save you on renovations.Always be conservative in numbers and timelines.Have reserves.Set aside reserves for each property.Buy for cashflow.Learn from your mistakes, create processes so you don't repeat them.Network to grow.Rinse & Repeat.

However, the simple economics of it let us know that, to a certain degree, you get what you pay for in inspections like many other things in life.  

Most experts believe the market will continue to boil for at least another year, either well into 2022 or 2023.

Luckily we have a pretty good local supplier so new ones were relatively economical.

And that makes the economics of hard money loans a bit untenable.