To over think an offer means shortage of deal flow from my experience. 

Actually, for people who have been keeping up with rents around the Bay Area and Los Angeles, I think it's going to help create a floor for rents given the timing in the cycle plus our massive housing shortages.

In Chicago there are dozens of safe neighborhoods where low income families can rent a 2br apartment for $1100 or a 3br for $1300 that is not an affordable housing shortage. 

Hi All,I am trying to identify markets where there currently is a shortage in rental apartments, what would be a good source to find that data?

The only issue I have had with the area is there is a shortage of multi-family property versus the demand, but the cost to build is too high for the rents.

Fortunately for me there is no shortage of families looking for rentals in Southern MO, and I was able to find a good fit within days of finishing the project.

If Minneapolis goes the same direction as California, I would expect capital flight, shortage of housing and all of the items that were cited in the article. 

Nicole, we have a major shortage for the equestrian community.

Building ground up is a great strategy but requires a whole different skill set and serious expertise but the upside can be double the typical value add play. 

Some investors will see more or less risk based on their individual knowledge level and skill in a particular asset class.