Had a really big spike in 2017-18, got way overvalued then subsequently overbuilt, but inventory cleared and the overwhelming buyers market is starting to give way.

Robert there is a better inventory of Multifamily in DC.

Right now, inventory is low and properties are moving fast.

Both cities are great, but pricing is inflated due to very low inventory and it is super competitive (we made 3 other offers, over asking price and still got beat out).One cautionary note would be that we have a moratorium on evictions right now, so if you purchase a unit that has tenants, in Florida, you must honor the current lease.

Inventory has been low because sellers are holding off until it gets a little easier for people to actually go to open houses and tour homes.

Hi @Eric DeVito, the inventory of MF properties in Northern VA is VERY limited.

The problem with multi-fam in HRM is, as you said, it's HIGHLY competitive because of the low low inventory.

For the investors who currently own rental properties there, are you planning on adding more to your inventory? 

But you need to be very careful about the area you invest in.The NE heights is usually better, but the inventory for SFH is pretty tight at the moment.The median house price is around $200K, and rents may be in the $1000-$1500 range, which will be hard to cashflow.I own 65 apartments in Abq, and I think that investing in apartments is a better choice.Connect with me if you want to discuss in more detail.

I have been analyzing properties and listening to local investors, specifically about sold prices for small multis given the the below average availability of inventory.