I believe what we're seeing, prices going up due to increased demand / short supply and foreclosures in the private market going up, is simply a reflection of A) interest rates, B) halted foreclosures in the government-backed market, and C) the K-shaped economy.

One caveat I'll throw in there about management companies - some of the 30% (or whatever it is) directly covers costs you'd be responsible for - i.e. merchant fees, supplies.

@Dalton O'Rourke - The students usually aren’t around from June - July, they just pay for the house because they have to book it all year due to supply and demand.

The good thing on new home is capex is very small, so easier to calculate accurately cash flow.What drives appreciation is general market, the amount of new constructions coming to market and general demand x supply factors.

That’s probably just a blip in the radar and hopefully the supply chain is healthier this year.

It's one of the safer places to invest in the entire country when you consider the low supply / high demand, lack of areas to build, and exploding economy.

We currently have around 3 months supply of homes nationwide and around a 2.7 month supply in Houston TX.

I have an empty shipping container in the back parking area, a 15X15 storage room w/ a boiler and some misc supplies, and an unused "office" perhaps 5x20.   

Couple that with business growth and development from Amazon, ABC Supply CO., Dollar General and many tech and medical companies, this market is on the up and up.

The sellers supplied a summary of the financial info (revenue and expenses), However i havent received the actual accounting financials , leases, and rent roll from the sellers yet.