All of our properties need to be in an area where the average rents align with the cost of the property, rehab costs, annual expenses, as well as long term capex (bigger ticket items such as HVAC).

Try to stay within the investor groups and niches, that way you're more in the loop rather than the average buyer who's looking for their dream home.

Main take away: Extremely attractive financing terms we have never seen before, higher than average rental demand for SFRs & transition of funds from stock market to safer assets like RE that will drive appreciation over time makes this a very opportunistic time to purchase stabilized SFRs. 

Current rents average $620/unit, market supports $800+/unit.

If anyone has ever walked those shoes and had the sleepless nights knows this is not something you gloat and make comments to feed the fear and try to look smarter then the average.

The two most recent requests: they want the HOA to complete a 3 page questionnaire with about 50 questions plus they want a VOD with average bank balances for the last two months.

In 2011, we saw delinquencies spike from the 30-year average of ~3% to a peak of 11%.

In 2011, we saw delinquencies spike from the 30-year average of ~3% to a peak of 11%.

And yes, my median stay across all properties is 30 nights, average is 11.

I would venture to say that having a vet school nearby might gain you a better "class" of pet owners than available to the average landlord.