The economy rebounding is his only hope of that.He does not care how much money he has to borrow or print....he will do anything possible to keep the economy appear to be afloat.

Expect them to rebound when schools start up in person again. 

More than learning how to do things the right way, learn from those who have made mistakes and failed over and over again and rebounded.

Also NJ is an appreciating market (although I have lost value on the house belief is that over long time it will rebound).

My conclusion; these funds will only be successful by rebounds in owner housing and quick (within 5 year) sales of entire portfolios.Essentially, we did not do the deals because they did not fit the metrics of a reasonable dividend model based upon rental rates (which I believe is the conclusion you are coming to).

even that was brutal for a few years then rebounded.

Even after the 2008 crash, prices rebounded very quickly and look where we are today. 

This is a rebound market.

Also, when you look at rent-o-meter pro reports you will see there was a rent drop as COVID ended and it rebounded a few months later so I think that it's soft and mostly flat with a few high-rent areas dropping.

Using RentPrep I have been able to screen for people on the rebound who have made timely payments over the last year and feel better about it.