This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

Is it good or bad with a lot/little REI activity?

If these groups are significant, it suggests there’s pent-up demand that could enter the market when one of two things happen:Rates Drop - Rates fall to levels that allow more buyers to qualify for the homes they want.Buyer Expectations Shift - Buyers realize that 5% rates aren’t coming back soon and decide to move forward.Based on the increase in activity I saw in Sept and Oct in my business, when rates hit low 6s, I'd say my market has plenty of pent-up demand. 

As Account Closed mentioned, the first question is to decide if you want to invest actively or passively. 

I also want to be active in other rust-belt cities that are similar to Milwaukee and I want to be part of their eventual comeback: Cleveland, Detroit, Pittsburgh, St.

Street might actually be Monfort.   

Many are looking to retire or shift out of active management, especially as interest rates rise.From what I’ve read in Bloomberg, Austin's market in 2025 remains highly competitive but still has opportunities in older neighborhoods and suburban areas.

@Caleb Brown it is on a street known for historic homes but this city does not registered their historic homes.

I have been getting a lot of questions from owners about letters being sent out by the municipalities here in Milwaukee to tenants informing them about potential lead service lines leading from the street into the house.

Are there people in Fort Worth that are actively involved in wholesaling and/or fixing fliping?