@Jacob Stokes I am a broker in Chattanooga TN, and we are in a tight inventory market right now.

Right now inventory is very low but it should improve a little as we approach spring. 

Especially in this market with inventory low. 

The plan was to invest in Class B /C properties (and neighborhoods) with the following investment criteria:CoCROI >= 8% (assumptions property management 10%, repairs and maintenance 8%, replacement reserve 8%, vacancy 5%, loan - interest rate 5%, 25% down, 30 yr loan)Over the past 5 months I have found very few properties that have met the criteria and have begun to focus my search on the following areas: Marietta, Smyrna, Austell, Hapeville, East Point, and Atlanta.My understanding is that the market is very tight right now (sellers’ market - due to low interest rates and low inventory).

Although a lot of people jumped in the past few years I believe much of the reason for the competitiveness and sparse inventory are the low interest rates. 

I am in Santa Cruz and the Monterey Bay / Silicon Valley area and the market is still a seller's market with little inventory compared to past statistics. 

I’ve noticed that as inventory has dropped the only available properties are rising in price and starting to lose profitability (I am planning on either going through an HML or using an FHA loan and live in the building so my mortgage payments will be fairly high regardless).

There is no inventory at all for houses this size in the $150-250K range.Our Zillow photos and description are not up to date, but I don't mind sharing the info now in case anyone wants to look. 

After reviewing their inventory, I landed on a property in Davenport, IA which was renovated in 2019 and occupied (and supposedly current) when I closed in early November 2020.

That said, sales face a continuing headwind from the low inventory of existing homes.