I think what we're seeing in places with rent caps is that landlords are basically forced to make the maximum increase that they are allowed every year which in some cases may be more of an increase than they would have otherwise made.  

You are right in that a 1st position cash out is like basically hitting the reset button again.

Is this a location where people are out all day, and a more basic unit that sort of just as act as a place to sleep and cook simple meals?

@Kerry Baird in Texas all sold information is not disclosed on a property not even price per square   foot is displayed on Zillow/realtor.com I have been running analysis basically on property that are for sale to get an idea 

I realized they were basically pushing the others to their max so they could swoop in and win it.And it didn’t stop there, one guy signaled his bids by shaking his leg, and another by tilting his glasses.

Of course some basic education is good like online courses or youtube, or biggerpockets or just plain ol' chatGPT.

Sound like the perfect time to learn the ropes — local Birmingham landlord-tenant laws, property management basics, financing options, and rental-ready upgrades.

@Min Zhang We understand a most of the basics and the fundamentals of BRRRR.

Not a small deal.This is basically the same post I have made before.

Use this period to build “investor muscle”:Network locally: Northern NJ & Northeast PA have active REIA and Mastermind groups where you can learn creative strategies (seller finance, JV, partnerships, DSCR lending, etc.).Educate tactically: Move from general podcasts to deal-focused learning — cash flow calculators, DSCR loan basics, and rent comps.Understand investor financing: Once you’re ready, your pension-backed W2 and equity could make you an excellent DSCR or bridge loan candidate with the right structure.⚙️ 5.