Brett, I spoke to David Walser last Friday.

She wants to use her unpaid April rent as her last month's rent and apply her security deposit to cover May's rent.

.👀✅ Total Actives - 13,346, UP 23% year over year✅ Pendings - 3,941, UP 5% year over year✅ Median Days on Market - 24, UP 60% year over year✅ Median Home Price - $585,000, DOWN 1% year over year✅ Number of Sales - 3,664, DOWN 3% year over yearActives are still up quite a bit year over year, but net new listings have slowed the last several weeks.

Nationally, 20.6% of home listings had price reductions in June—up 2.2 percentage points from last year.

It's been a while since my last update.

Savannah is a great tourist city and has had a lot of progress over the last decade.

You must not be using the new P+I for 80% LTV--it's $2129 and there's more than $14k negative cashflow in the first year.

When it hit >60 last week, I went short. 

But we have several properties with well, have had to replace the pump, which I've found last 20 years or more, but we never had a well go dry. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.