There are several factors that could be affecting that, but definitely not an increase.

Obviously, there are other factors that can contribute to the cost.

With $170k to deploy you most likely will have that all in one, maybe two deals, if it doesn’t go well you could end up way worse off.That said, if there are other factors like the property is a huge pain to manage or you are worried the neighborhood may actually get worse or you know you need a new roof in a couple years, then I’d consider selling.Also, even though you said it’s not a high appreciating area, do you think 1-2% is fair?

Quote from @Mike Calvey: This exact situation has been playing out on Twitter in recent weeks, with many 'business influencers' who jumped into the syndication space a few years ago facing backlash.

Hi All. I'm diving into some of the public county-level Zillow data. One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.M...

U get a few of these folks that are influencers and then you get the herd mentality..

The upgrades that HAVE to be made for rentability vs. those that will hopefully increase rental income can definitely influence the response.What are people's expectations?

Staying local would make capital the limiting factor where my restrictions out of state would be additional research.

@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.

Another factor to consider is the part of town your property is in and if you would have more issues with tenants due to issues with shared space.