The data on the spreadsheet below reflects actual rents for 6 of 8 units.

Denver rent prices have been on the rise the entire time in a consistence cadence, and reflecting possible RE bubbles and deflation periods of the early 80's (high inflation), late 80's (Savings and Loan crisis), early 90's (Resolution Trust, massive REO's) and the 2007-2008 financial debacle, there were no unusual spikes reported in monthly rental cost (per unit) as a lagging factor of these activities.What the report does show is that rents have been strong and rising consistently in an orderly fashion through all of these RE bubble periods (which is what we would expect as the rental prices are keeping pace and somewhat tracking upwards with inflation).  

The inventory of homes for sale also may not necessarily reflect proportioally rental listings at a particular time though or does it?

I'm sure there bad areas in every city but the data keeps reflecting Albuquerque as a troubled city.  

But your # will more often reflect 10-15% for maintenance and vacancy.

We've included our pro-forma reflecting the anticipated timing of the upgrades and resulting rent increases for the upgrade program <link to pro-forma>.Our dog park is complete.

Hello Joseph,Thanks for the input. to be fair, these are mostly 500 sqft efficiencies, so the price probably reflects that.

It is a buyer's market and land prices reflect that.Our focus is to buy land in order to develop projects that contribute to economic rebirth rather than just buy-and-hold.

Personally, when I see a hike in new developments, as we have in Tampa Bay, I get a bit worried that the top is approaching (if not already here) and we just won't see a reflection of that in the market for another year.  

Lender tells appraiser to update appraisal with this information that is VERY relevant to the value of the home, get updated appraisal reflecting value of a home that can't get title insurance (basically an all-cash discounted value, call it a 25% ding to value), invoke appraisal contingency because the property didn't appraise, back out and get your EMD back.If that loan approval and formal commitment to lend subject to a ratified contract and satisfactory property is NOT super clean, don't risk it.