Example, an acreage where folks could do mobile home / homestead, infill lots that are actually buildable or mobile friendly.

For example with old mobile homes you may be able to double the rate of short term returns, but there may be no leverage and negative appreciation.I still like the northern suburbs....everything pretty much above Highway 380 between Decatur and McKinney. 

If you're ever interested in looking in more detail at the Mobile, AL market, I would be happy to jump on a call!

Rebalancing.Now look at multifamily.Freddie Mac serious multifamily delinquencies are at 0.48%, the highest level in over 21 years.Fannie Mae serious multifamily delinquencies are at 0.75%, the highest since 2021.Both have doubled in the last two years.From 2014 to 2019, multifamily 90+ day delinquency rates averaged between 0.01% and 0.10%.For comparison, the 2008 peak was roughly 0.80%.We’re not in crisis territory.But pressure is clearly building — especially in leveraged assets facing higher refinancing costs.Now bring it local.Greater Louisville market.February 15–21:Listings2025: 3202026: 391Sold2025: 1832026: 171Year-to-date:Listings2025: 2,5272026: 2,947Sales2025: 1,5042026: 1,421More supply.Fewer closings.And now rising search behavior from sellers who can’t move inventory.This is how leverage shifts.In 2021, sellers dictated terms.In 2026, math dictates terms.Add in one more structural shift.There are now more 6%+ mortgages outstanding than sub-3% mortgages.The share of 6%+ loans has climbed above 21% — the highest since 2015 — and now exceeds the share of ultra-low-rate mortgages (sub 3% interest).That changes mobility over time.When a larger share of owners are already at 6%+, the psychological barrier to selling weakens.

I do have a rental in West Mobile Alabama, lets connect. 

What other asset classes are you looking at - commercial, mobile homes, something else? 

@Matthew Lawrence so mobile home parks, but without the single floor living seniors need?

Smart thermostats: I have temperature sensors (or smart thermostats) installed in each unit because I want to make sure the tenants don't turn off the heat in winter. 

Here’s a quick, practical comparison:RentRediPros: Very user-friendly, good tenant portal, maintenance tracking, affordable.Cons: Limited accounting and reporting as you scale.Best for smaller portfolios or simple ops.BuildiumPros: Strong accounting, owner statements, solid maintenance workflow.Cons: More complex than RentRedi, less “lightweight.”Good middle ground for growing portfolios.AppFolioPros: Robust automation, strong mobile tools, great for larger ops.Cons: Higher cost, more features than some need.Best for larger or fast-scaling portfolios.If you’re outgrowing RentRedi, most people step up to Buildium (or Rentec Direct) before jumping to AppFolio.

Anyone here own any mobile home parks in Florida?