The closer you are to Huntsville the rental demands increase.

I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

How about realizing that when you use the current property taxes of a property you are buying to calculate your per door profit that the following year your taxes will reset to what YOU paid for the property and will likely significantly increase your tax expense - which can take you from a positive cash flow to a negative cash flow on a low cash flow property… now you are paying your tenants to live in the property every month out of your W2 income  hoping for an appreciation play until rents hopefully increase.I could go on and on.  

Great macroeconomics with growing population and job market.

Main things being population growth and landlording laws.

Rent roll is $12,000 and increases to $13,000 in April 2025. 

Overall nationwide cap rates are rising because of interest rate increases.

Without major rent increases, multi-family property values tend to stay flat.

In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent increases low, and focusing on maximizing occupancy in our New England markets.

(covid, historic rate increases, etc.)