When multifamily inventory is tight and prices climb, it makes sense to explore markets with more balance between price, demand, and regulation.Philly can be a solid play, especially if you're looking at up-and-coming or working-class neighborhoods where renovated single families or small rowhomes rent well and don’t break the bank.

Prices are still climbing, but not at the pace we saw during the boom. 

Sunbelt divergence – Florida bifurcates: Miami (+2.7 % YoY) still climbs while Tampa (−6.9 % YoY) cools sharply as pipeline deliveries finally hit.

I posted the link of the graph showing the progression of homes for sale if someone wants to see how it has climbed since January 2025.

When we enter the front door, there's some stairs that you need to climb to reach the living level, which is 3rd floor in this building.

Not a modest climb but in places like phoenix a doubling which I don't think is sustainable.   

Through selling the flips, as well as the triplex (which was in a bad part of town but still got 6 figure appreciation between 2018 and 2021) ) we were able to pay down a lot of debt on the growing portfolio which helped our monthly cash flow numbers really climb!

Plus you like to climb trees?

If you stay humble and appreciative you'll climb the ranks fast.Only after these first 2 steps would I think about real estate.

It was acquired at the end of 2022, so rates were climbing and rents in the area were starting to slow down.