@Martingale Kim Demand is still high given the lower inventory of homes for sale on the market.

With limited inventory on the market (8,400 active listings of all home types, where a balanced market would have 25,000-30,000 active listings) prices continue to rise and rentals are in fairly short supply.All of this bodes well for the supply/demand dynamic.

If you are dealing like inventory, buying and selling, you may not needed to capitalize, else you need to capitalize.The interest on Construction loans are added back to the Property as Capitalization or other similar conditions applies. 

If your family member or estate has a house for sale, prices are top of the market now given low inventory and low interest rates.

If this goes through, and I will know more after the meeting on March 2nd (as there seven Commissioners, so we need at least 3 more in support) there will be some great opportunities to snatch up properties here, however, I think things will go super fast as our inventory is already extremely low and once this happens, smart investors will go for what they can!   

Prices have increase dramatically since inventory is extremely low.

Several of my sellers have expressed concerns about their ability to find a new home to buy - they literally told me they will hold off selling until they see more inventory in the market.

(existing "affordable" inventory becomes very attractive)"1%" Rent-to-Purchase Price Ratios and 7-10% Cash-on-Cash is Normal.An Abundance of C/C- Locations in Extreme Transition with Verifiable Upward TrendsDozens of Neighborhoods with 70% Price Appreciation Over the Last 5-Years20,000+ Multifamily Structures in Franklin County; Less than 10% Transact AnnuallyMarket Rents are Impossibly Low Across Existing Small MF InventoryOur top 20 performing zip codes for MF propertieshttps://www.biggerpockets.com/...

Not to mention the crazy covid market with low inventory.

Jan 2020 = 5,251 inventory    Jan 2021 = 1,369 inventory Inventory is DOWN 7,900 Units from 10 years ago in 2010.