The inventory of unsold homes that are either under construction or finished is dramatically down from a year ago.

Biggest challenge with small MF in the suburbs is inventory.

These models are proper stochastic models but they are often too complicated (have too many parameters) and therefore difficult to validate.Statistical components of inventory and other management science modelsInventory and other management science models applied in market research are typically standard models of Operations Research.

Finding deals is tough these days as we have experienced a renaissance of sorts between extremely low inventory, covid, and people realizing how great the area is.

I wanted to give it a couple of months for the house inventory to rise a little more to start investing... and of course see if any pre-foreclosures pop up with all this forbearance.  

(COVID shifted some of this mentality because of our 5% "realized" vacancy rate, estimated 20% shadow inventory off-market)  When I look at NYC as an investment, I see holding for the long term with negligible cap rates. 6-7% cap rate sounds around where you want to be so if such an opportunity is presented to you, run with it!

There is very little inventory.

@Jason Gaxiola Dallas market is on fire. 1.2 months of inventory right now and still dropping.

@Miguel RosendoHi Miguel, I stayed in Upper state of Ny for 3 yrs ( clifton park) and moved to NE of connecticut 2 yrs ago. i was kind of depressed when we just moved here as the inventory is crazy low, tax is high, houses are aged, lots of houses under septic and well, and foundation issues etc.

Profit on the short term flips are taxed as ordinary income at your marginal rate and subject to self employment income tax because the IRS sees you as selling inventory, not an investment.