Any agent or company that owns or manages properties within the same property niche as yourself will compete against you for the same customer reservation on the same STVR platforms.Unless there is excess demand vs supply a property owner s ROI will decrease as listings compete for same customer.

As a side note: A 1% increase in OPEX against a 7 year hold can make a $30M income stream over a 7 year hold take a $2M hit and decrease $30M to $28M.Additionally, and just as importantly a "good" pro forma should actually follow the development process itself and allow for the user to immediately see the impacts associated with tweaking variables in terms of time, cost, expenses and allocations of debt, equity and all forms of income.

The pool of renters may be smaller but so would the number of rentals to choose from helping you stand out and hopefully decreasing vacancy. 

Decreasing crime indexThis isn't to say you can't find a fantastic market that does not meet these six requirements but this should definitely get you started.

So, I do not believe prices are overheated.Will prices decrease significantly in Las Vegas?

If the rents have decreased in your area, then taking a $100 a month decrease; at the end of the year is less than one month's rent. 

Over time, distribution time will become more and more exciting as you continue to decrease your dependence on your W-2 and shift a larger portion of your traditional investments over to this space.

; 2) I noticed crime is decreasing somewhat in the area.

Not only did my time invested into managing properties greatly decrease, we are able to drastically increase our passive income - Thank you Property Managers!

Myself, I like Ohio.Rising interest may cause property prices to actually decrease.