As a company, the median percentage of annual rent spent by owners on maintenance does not cross the 4% threshold until year 8 in our Memphis management office and year 6 in our Dallas management office and then just barely.  

Barely 1 year old.

It is about them being conservative and safely supporting the bare minimum.

Financing larger properties in the  $1-$10MM range requires 20-25% downpayment so you barely have enough at the low end of that range. 

There are three types: 1. do bare-minimum2. analyze the financial to maximize the savings3. then there are the ones that will do your taxes like they do for mafia's taxes. lol

Plus we had a tonnnnn of tax law changes the past 3 years during covid which wasn't normal at all, the IRS is barely operational, notices, ppp laosn, stimulus checks, ect- I know a ton of folks who just retired or sold  in the past couple years too. 

I made sure the property needed very little to no work because I had limited funds and barely knew how to screw in a light bulb.

If you bought bare ground they will value near what you paid.  

@Nahir Solis I am very interested in the solution that you suggested Would you please message me how to start this?

I am saying that for that $2K you spend on DMM barely getting a deal, that money would have gotten you 4 deals doing FB ads, PPC, and if you are wise like me.. you won't need to spend a CENT on leads if you focused on SEO instead of fighting with angry postcard receivers from your DMM campaign.And because my house purchases are so low, my profits are purty high ;)So keep doing what you are doing.