The market just went dry & we're competing against new construction in that neighborhood.Everyone asks us, "Why don't you just move back?"

Are they thinking with the influx of new construction that it will affect the rental industry?

I also not see someone buying a newly constructed duplex (even 10 years old) and contemplating a partial gut renovation (at least removal of one kitchen and possibly repurposing a second living area).  

Setup criteria that outperforms other investments and find deals that fit within that construct.

You got to look at areas of town that are showing signs on improvement not because of the hurricane but new construction, building permit increase. 

As @Jim K. stated to many human elements come into play you cant control.. and its one reason I am so bullish these days on new construction its easier to manage costs and I don't have to compete with all the wanna be wholesalers out there..

Happy Investing and Dream Construction- Justin

GPs also run the property management company and construction company.

That whole area is going to explode once official build plans are released and especially when construction starts .

If its $100/ft2 or less (remember, this includes the land), its highly unlikely that new construction will work.