If you're an individual investor who owns or will be buying a single family home to rent in Metro Phoenix (and other booming Sunbelt states), good news: the big dogs with their legions of analysts think you're making a smart move...because they're doing it too.From a 10/19/20 article by Mark Heschmeyer of CoStar News:"Young adults have been fueling demand in the urban apartment market for several years.

While I have dabbled in renovations for a couple of rentals, all other avenues of investing through real estate was news to me.

I wanted to ask what the general consensus is in regards to if people think the market will implode soon, or if now is an excellent time due to interest rates.

Currently collecting unemployment and i have a little over 10k saved with great excellent credit .

I no little about the place, but based upon the little I do know the following might make it viable:1) WDC in general seems to grow whatever else doesn't no matter what and the entire area benefits2) It's also the number one tele-commuting city in the country so daily commutes may not be a huge problem for many target tenants.3) Lovettsville itself has high personal income levels, quite low unemployment levels, many young professionals, excellent schools and was listed as one of Virginia's best cities to live.

OK, not seeing this as the end of the world, but there are some troubling things (based on what I see in Portland and watching news):1) No inventory means in PDX people are reaching beyond FMV on housing and abetted by cheap loans2) Debt service issues - I'll take the extreme, look at retail in NYC, there's lots of space empty at $80/SqFt.  

This does an excellent job of providing the technical side of real estate. 2.

Hamish, that is the cash on cash return. (19% is still excellent!)

He was quite understanding and we are moving forward  Excellent!

Interested in comments. https://www.bisnow.com/national/news/other/blackstone-profitably-exits-single-family-investment-which-is-still-growing-101937#:~:text=Currently%2C%20the%20company%20owns%20about,launched%20Invitation%2C%20told%20the%20WSJ.