7% Economic Vacancy might be a bit aggressive depending upon the market you're investing in and what the supply looks like.

This is why the prices will likely continue to climb - supply vs demand.

Does your process allow for whoever wants to supply their own background check to you? 

@Justine Ade because the demand in those areas for rentals greatlyoutstrips the supply...especially lately as people are more amenable to smaller satellite towns...and because our ultimate exit is likely to be to an owner occupants...giving us an incentive to add value.

. + plus all the bonds that get voted on3) Maint and supplies have taken a big jump.Maybe you're a ma-and-pa with no debt so doesn't matter to you, however, lot of people need to borrow money and repay debt. 

What trends have you all seen in supply and demand and what kind of properties do you think buyers are looking for more often?

Totally get that, supply is down here as well. 

It's a great time to invest, although there is less supply.

I find that Baltimore has the most over inflated potential rental incomes that are supplied by sellers and Realtors.

Hard to believe, but the area of private money lending is certainly ruled by supply and demand.