The sustaining maintenance/cap ex is bound to kill the return and at that rent point the rent growth has not historically kept up with inflation.  

I'd love to hear more from the community about why this is happening to places that historically do not have crazy weather events like the Northeast.

Which we have two additional articles supporting that thesis.Last week, CNBC had an article that talked about on a national level renters are staying put more than historically.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Historically, the NE markets have been more stable and likely due to the factors listed above. 

I love the idea of BRRR to add value, and I'm content with it not being as "fast" as it has been historically given market conditions. 

These are subjective assessments based on rental demand, surrounding infrastructure, investor activity, and historical performance-not just a zip code.Further, we do not have an agency relationship with clients.

If your ARV of $150k proves out, you should be able to triple your money in 5 years.FYI, I noticed there's a reference to this property being in an "Historic District".

If it is a good house you are proud of owning then just keep it.Real estate values have historically doubled every 15 years mostly due to inflation.

I’m extremely grateful to have entered the real estate business when I did (2018).In just a few short years, I’ve witnessed more market shifts, challenges, and lessons than I ever expected:✅ Historic market boom✅ Historic rate hikes✅ Supply chain issues✅ Uncertainty✅ OpportunityIt’s been a front-row education that no book or podcast could have provided.Its exciting to realize that these moments are shaping the foundation for my career.I'm excited to see what will come from the lessons learned during these early years.