Costar sees signs of multifamily trouble: Multifamily cap rates risingLooks like investors finally starting to demand real cap rates and multifamily will begin trading on present performance and not future rents. 

“We have to start demanding more.”From NYTimes article... where are our reps?

It's been a pretty brutal couple months (first with it being the Winter in the Midwest...and now COVID).I wouldn't say the vetting process has changed, but rental demand has to be down.

Once you determine your "why" you need to perform due diligence when determining what market(s) you want to invest in: >is there sustained demand (for the long term) >assess the comps, i.e. what are other similar properties selling and renting for in the area, determine if the guarantees are accurate >vet your developer, look at their track record>know the underlying risks>establish your team >know your exit strategy: look for long guaranteed income periods & high yields These are just some of the factors you should be considering before jumping in. 

Consult with your attorney and if advisable I would ask him to write up a demand letter for you.

I'm still seeing a low supply and high demand for affordable housing ($150k-350k depending on the area).What are you seeing in the market?

I need a lawyer to write a letter of demand.

@William Tomp, yes 90+% is ideal and shows that generally supply and demand are in balance, really more like 95%, but when you start getting above that, you can bet supply will be growing quickly as everyone is looking to bring new product online.If the market is really low, it is clearly oversupplied, and knowing which side of that trend you are on is important. 

That's consistent with anecdotal evidence that we're hearing from agents, title companies, and loan officers that demand still far exceeds supply. 

I don't understand why everyone dances around the issue, money supply goes up+demand outweighs supply =value goes down.