Since the units weren't individually metered and the HOA pays the monthly water & sewer bill he decided he would open his faucets 24/7 until they yield to his demand.

After several texts the tenant agrees to give the deposit that same day and pay the first mos rent Friday, so I agreed to that and they agreed to that, well two days later they decide to back out and demanded to have their security deposit.Well I had to turn down several very potential tenants and many other callers literally like 10-20 people.

There is a demand for rentals in the area so I hope to have minimal carrying costs.Right now I am trying to focus on that fine line of having it nice enough but not spending too much.

What is driving the demand for housing in the area where you are looking?

Core Tacoma & University Place both have colleges and larger employers driving demand, especially with the rising rents in Seattle forcing renters to move outside Downtown Core Seattle.I don’t necessarily see the trends you’re referring to by your three sales comparisons.

Their demands exceeded the value of the property, it wasn't even close.

Am I understanding you correctly @Max Garcia Jr - you were able to get the seller to go from demanding a $10k escrow to a $50 escrow???

And, as a result, the demand for mobile homes has never been higher.

Sure the demand for high end is always going to be there but the market for dumbie proof cameras has completely dropped out I would think.

Rather, depending on the volume released and when, supply may increase JUST enough to meet the demand, which would result in balance and steady price increases.I prepared to enter the market by way of SFR or multifamily with owner occupied financing (VA of FHA) with as little money out of pocket as possible.