When I moved here it was reasonable, but because of the recent explosion in the market, I am forced to find more desperate ways of looking for a home.

In the past 5 years, they even expanded the road to accommodate the explosion in traffic.

This area is just outside of a neighborhood that has seen explosive growth and development is already starting to happen.Step 1 - UnderwritingI am a huge fan of Adventures in CRE and am using their value add apartment model. 

If they won't sign the new lease then the correct answer is them leaving, which will surely be explosive, but you knew that already.Doing business with family is a lot like throwing yourself out of a moving car that you're driving.

Just closed on a C5 zoned property in Colorado Springs on a major street less than a mile from downtown (currently going through growth explosion) and 1 mi to Old Colorado City hub (very popular tourist destination), and a 1200 sq ft commercial workshop(detached) that I can build out a second (interior floor).

If I had a crystal ball to predict future explosive real estate markets, I sure wouldn't tell anyone else lol.With that being said, check migration stats to see who's going where.

Both are important.If you see a negative net migration over the last 10 years, it's probably a pass.If you see a positive net 10-year migration, but a decelerating rate of year-over-year in recent years, that's a sign that it's a maturing community, and till probably not have the same explosive growth it had previously had.Now, ALL that said, if you're talking about net-migration numbers in the single-digit thousands, you're probably looking at too small of a slice of the MSA.

My area has seen an explosion in rent prices and the demand for them is absurd, this is the main reason, why I am thinking about holding this piece instead of flipping it.

Given the explosion in demand on the long island housing market.

they usually don't leave the gas on with a leak because the danger is from gas accumulation starting a fire or resulting in an explosion.