With Waco's popularity (thanks Magnolia & Baylor), STRs and Airbnbs have surged and the market is becoming very over saturated.  

Me personally, I would only buy a new construction house if it was for my future family, but i would prefer to buy existing housing stock and renovate for rental income.

Quote from @Shane Swart: Hi All,I have an existing portfolio of LTR's that are all small multi-family. 8 properties, 25 units total in WI.We have stuck with the same local insurance company for over 15 years and we are long overdue for a deep dive to find efficiencies and save some insurance costs with the portfolio.

It's great that you are able to add containers to your existing site.Do you worry about condensation on the container floors?

Curious what other investors are seeing in Denver right now. I’ve had great luck filling our units, but wondering if the tide is turning. Are you seeing increased competition, higher vacancy, or better returns than ST...

But yeah, 1% deals do still exist, I know because I've done and am doing em. 

The better you are at finding deals in a hard market/saturated market the better you are at your job, and then you are irreplaceable.

IMHO it is too saturated and I am not interested in racing to the bottom. 

I have heard Joshua Tree is severely saturated and I would tread lightly in the area.There may be some opportunities as people are selling who are hemiriging money.

I know profits are not what they were in 2020, but wondering about trajectory of area and if it’s too saturated to enter now.