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What you are seeing now is appraisal's coming in lower in some markets, properties sitting a bit longer than what we are normally used to.

Goal: spark qualified showings without looking like we’re chasing and keep room for normal credits/concessions if needed.Questions for local buyers/investors:1) In Nov–Dec, which list would you choose for this profile: high-$710s or low-$710s (same $700–$725k portal band)?

I wish I knew about this form of investing before but I have been following the normal steps of the American dream.

Since they can't make the nut, the seller has a choice: Bring the nut to them, or continue to hold and carry the costs of the house.So, no, not a recession as any normal person would define the term.I think there's a difference between "won't buy" and "can't buy."

My question: is this normal?

Your chart that shows today's sales figures normalizing compared to 15 or more years ago isn't apples to apples.

However, a normal turnover is already baked into the business plan when you buy the property. 

@Lea Oberberger,It’s completely normal to feel some anxiety around your first purchase.

Your OPEX ratio is ~35% of gross, but normal coastal STR multifamily trends around 45-60%.How would you account for this?