History--real estate has 10 year cycles and five year memories.

In Jacksonville you can get positive cash flow on new construction assets and set yourself up to achieve maximum returns on investment when including appreciation when holding for a full market cycle (10-20 years.)

The cycle might be a bit longer however.

The CA market is very cyclical but rents have steadily increased through all economic cycles.  

Not by alot, but Boston is crazy in that a lot of leases are Sept 1,  real estate has seasonal cycles as well as the business cycle.  

I believe you can give a firnedly gesture to your customer while also hinting at proper care being taken of your asset at the same time.I have had the same tenant in my first and only property for three 1-year lease cycles and I credit that to common courtesy on both of our parts.

Rents are going to $600 per month for the one beds, with RUBS being added as well.It is going to take 12-18 months to reposition, a lot of work, and the goal is to refinance it to agency.In this part of the cycle, please be careful where you are buying, and try to limit your downside risk.

In addition to that, I cycle out the altitude of the placemark by median price, last sold price, last sold date (by converting the date to a number), number of days to rehab, etc so I can see and judge each property on a map by different metrices.

Motivated sellers are people who need to sell now, it's not the same sales cycle as it is with most things, no repeat customers, etc.

The good thing is you are now at the height of the annual rent cycle, so you should be able to find a new tenant relatively quickly.From my mgmt company's perspective, we do not show units that are occupied, but we do pre-lease units ahead of move-out.I would recommend getting some professional photos taken for use in pre-leasing in the future.