Is the City of Pomona prepared to lose 10% of its rental unit supply (2300+ units)?

The key is to know the market including the supply and the demand in the area. 

The crash of 2008 was caused by a combination of lax lending standards, the supply of money flooding the market and over construction.

You potentially could do a partership with someone who could supply the money for a downpayment.

Here are some data points below from the past month:🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.63%30-year VA rate today is 6.20%💰 Median Sales Price:May: $475,995June: $485,000July: $487,483📈 New Listings:May: 2,141June: 1,920July: 2,032📅 Median Days on Market Until Sale:May: 12June: 13July: 14📦 Months Supply of Inventory:May: 2.4June: 2.3July: 2.6

Its a delicate balance of supply and demand in a market. 

That tool really sounds ideal...I think in most major markets now that are either saturated or balanced in terms of supply/demand now more than ever amenity rich properties are a must. 

That'll negate the supply.

>appreciation in this particular Midwestern city keeps pace with inflation without leverage. per the data you supplied from the NAR (good source), Peoria re appreciation did not keep up with appreciation since 1979.  

Gotcha a in other words rents could soften or are softening based on supply demand issues.. thank you for clarifying that.