Here in College Station, Texas, multifamily properties are in limited supply, keeping prices high and leading to multiple offer scenarios for good deals.

Why buy the real estate equivalent of a penny stock when you can afford to buy blue chip aristocrat dividend stocks (Class A multifamily properties in good locations with actual strong fundamentals like population growth, a diverse and recession-resistant job market, limited supply and high demand, affordability, and consistent long-term appreciation)?

The seller couldnt supply us with this so we gave up and dropped out of the deal during due diligence.

I am wondering if anyone has any insight on which areas of Memphis to avoid and if it has been saturated as looking online it appears there are a TON of rentals up for grabs and wondering if that is due to rental numbers going down or if it is just a larger city that has more supply.

More supply could hit the market, for example, or cap rates could expand fast and leave the developer trying to figure out how to rent and hold the units.

It usually bottoms out around January each year.Months of supply for all dwelling types in the GNO area is at 5.7 which is the highest it has been since about 2014.

I would be mad.Just get a charcoal grill and let the guests supply their own charcoal.

And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?  

It's also an old city with some geographic constraints to new development...if you're close to public transit in a good location, there's always going to be upward pressure on price (and rents) and limited supply. 

We dont supply washer and dryers- most tenants in our market have their own and we don't get higher rents for having them.