The only “good news” is you’re paying for last year’s shortage and thsi year’s taxes, or this year’s shortage and next year’s escrow account. 

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No one is screaming about housing shortages in East St.

A rent heavy market, with a shortage, I am receiving regular requests for rentals in these markets.  

Being new I would suggest started with existing builds but building small multifamily in a small town with a rental shortage could be a smart move (someone's gotta do it).

If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages. 

I have found there to be a real shortage of long-term rentals in Ludlow and the surrounding area.  

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.

Where I live, we still have a severe shortage of homes--median time on market is still 7 days and it would likely be shorter if not for delayed negations being the norm. 

(Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)