As a result, existing single-family homes are becoming more valuable due to the limited supply.

They come with all supplies.

However, if inflation averages 5% per year during this same period, that $8,533 will only have the purchasing power of $5,239 in today's dollars.If you invest in markets where rents do not outpace inflation, you will eventually face two choices: continually cut your living expenses or return to work.Rents Follow PricesProperty prices are determined by the imbalance between supply and demand.In markets where supply exceeds demand, prices are low, enabling more people to buy rather than rent, limiting rental demand.

You should have:1) Involved an attorney when seller disclosed IRS liens.2) Required seller to supply copies of their IRS communications as a condition to extend contract.3) Required seller to reimburse you for your inspection costs to extend contract4) Required seller to reimburse you for your appraisal expence to get a copy of it.5) Never tried to rent out the property given the IRS lien and NO ONE ELSE but seller knowing what's going on with the IRS release!

Set It Up Like a BusinessEven if it’s one property, treat it like a real business from Day 1:Use a separate bank accountTrack every dollar spent on cleaning, supplies, maintenance, and furnishingsDocument your and your wife’s work hours, this supports tax treatment and helps determine when to outsourceAn LLC is optional at this stage but worth considering as you scale2.

If you’re in a high-supply market where tenants have the upper hand, actual (contracted) rents could be lower than what you see on listings.Local leasing agents and property managers may have comps they can give you, though you’ll probably need to spot check for relevance.In any case, welcome to BiggerPockets and best of luck in your career as a commercial real estate agent!

CPAs/tax professionals are in short supply right now.

The City of Austin now has 6.3 months of supply, up 0.7 months year-over-year, while the metro sits at 5.9 months, up 0.8 months.

Olathe is still solid but seeing more new supply pressure.That said, Class A and Class B units are leasing slower than last year, especially when priced aggressively.

However, that has come with a few challenges recently as many destination markets have clamped down on Airbnb regulations and many have also seen a dramatic increase in supply of listed Airbnbs, particularly over the last few years when the Travel sector boomed coming out of the Pandemic.