It seems that 5 years ago or so, an investor could buy a turnkey rental and see it appreciate right away = investor felt they got a good deal.Today, prices aren't increasing as fast, or as much, so investors aren't seeing that almost immediate increase in the value of their turnkey purchase = they don't feel like they got a good deal.Throw in that it's taking over 30% longer to find a tenant today versus 2 years ago, and investors are even more nervous about their purchases.So, many investors are chasing higher value for their investments via trying to cut out the turnkey operator fees.

It’s greatly appreciated. 

If you need to be local to NJ I would stay and reap the benefits of massive rent increases along with huge appreciation. 

Land appreciates in value, buildings depreciate.

I appreciate your input.  

Appreciate the metrics! 

Hi John, I appreciate your response and will do!

Any insight would be appreciated!

I'm expecting a surge in appreciation once interest rates ease. 

will appreciate your comments