There have also been a decent amount of renovated properties popping up in the area.

However when our BP members start popping in the new rates into the BP calculator ( and they keep their same criteria of COC) and sellers wanting to price at the 1% rule   they will see that either rents will need to be higher or they will have to pay less for the asset or be fine making a smaller COC .  

Choosing $1,750; pretty much just going between the Zillow and Rentometer values.Total Expenses: $1,717Property Taxes: $1,500/yrInsurance: $1,200/yrMaintenance: $122/moCap Ex: $140/moPM: 9%Vacancy: 5%Mortgage: $985/moDown Payment: 25%4% interest30 YearsI also tossed in $10k for improvements, like for the stairway railings, improving the deck, the basement ceiling looks weird, landscaping improvements, other things that might pop up.

From the post, seems like you’re a little worried about a big ticket repair popping up.

Had the funds been transferred on time you could still be frustrated with your agent, while you sit at home and pop a Champaign bottle to celebrate your new purchase with family/loved ones.  

Recently I spoke to a different representative and she mentioned that an alert popped up on the screen that read that Fannie Mae is not allowing PMI be removed from rental properties. 

Recently I spoke to a different representative and she mentioned that an alert popped up on the screen that read that Fannie Mae is not allowing PMI be removed from rental properties.Has something changed that PMI is no longer able to removed from rental properties?

However I spent most of the 2010s building this portfolio, and most of the 2000s accumulating the cash to build the portfolio, so we're not talking about a lot of the people you see pop up here that think they're going to FIRE in 2 or 3 years off $200/door rentals that are leveraged to the hilt.

I think other states may face a bubble sooner, and if we are in one, it won't pop here until more people retire and we have a lot of those retirees homes hit the market.

I'm guessing I already know what'll pop up if I put in Montana or North Dakota zip codes.