Here are several reasons I believe this:1) Supply: Multifamily is at a huge relative high to single family construction spending (extrapolate small multi-family is similar to single-family and this is largely apartment complexes) construction:2) Demand: More Tenants want Single-Family Rentals than Multifamily rentals.

They you can do supply and demand around your property allocating just a portion (say 50% if the circles over lap by half as an example) of the properties from 6 miles away as competitive against your supply. 

2.5M is considered luxury in Brooklyn and here's some YOY 2Q data for luxury in Brooklyn: average sale -1.5%, median sale -2.7%, number of sales -.4%, days on market 10.9%, inventory 7.4%, months of supply 6.7%.

Sure, I could supply extra perks.

Is limited supply a reason to begin with less partners as it will require us to find less properties to reach our goals?

So a smart way to look at it is to calculate 20%-30% of the purchase & rehab amounts from you, plus have 6-8 months payment reserves in either a bank account of a retirement account (as the lender wants to know that you have an emergency resource for payments if needed).Many rehab lenders can supply a sort of pre-approval to you so that you have an idea of what they will extend so you can formulate a game plan accordingly and target potential properties.

It's been going OK so far; we've had to put money into it for August and will as well for September, but that's mainly startup costs to get it going (initial landscaping, big cleaning services upfront, stocking supplies).

Supply and demand....

I would also supply the paint that way you have control over the type of paint and the colour (you can give them a few pre-selected options for colour).

It's simple supply and demand, the supply is the same, a 2 bedroom condo is a 2 bedroom condo but the demand is different since not everyone can get financing on a non FHA approved association.