Being that the inventory is so low in the valley right now, how is your wholesale business going? 

I know interest rates and super low inventory have a huge role to play in price increases at large, but these typically less active/appreciating markets are exploding at a much faster rate then everything else it seems.

Lack of inventory with high demand & existing inventory is old/small/run down.2.)

You’re going to have some effects on that inventory too.

In my area, CL usually has enough inventory that I get a good sense of the going rate.

Last I checked, there were only about 2,800 active listings in all of Denver metro, which is less than a month of inventory (~16,000 more listings would create a balanced market).

Here in Chicago we have a shortage of inventory and we are seeing multiple offers.

However, in addition to price, factors such as demographics, lifestyle choices and available inventory also influence the demand for rental property.

  $60k is definitely enough to do something with...if you can grab a house to flip now is a good time because of the low inventory.  

If a renter buys their place and they move in to a rental no inventory has been created  if they sell and downsize no inventory has been created  the only inventory you’re going to make is someone moving in with family/friends (I assume the truly desperate did that 6 months ago when they couldn’t afford utilities.)