Quote from @Andy Gonzales: Hello Everyone,Reports suggest 2025 could be the worst year for U.S. home sales in history, with buyer activity dropping significantly.For those actively investing in real estate — how are you adjusting your strategy in this unusual market?

Would love to hear how seasoned investors are navigating this unusual market.

Stalemate until we do; either it happens fast due to bad times or slowly due to uncertain times.

What you experienced with police isn’t too unusual in transitional areas, sometimes they respond heavily to trespassing or break-ins even if it turns out minor.

Great points, Jeff — and you’re right to highlight that the expense ratios are unusually efficient for a coastal STR.A couple of clarifications on the numbers:The current owner self-manages, which keeps cleaning and maintenance costs lower than a third-party STR manager would typically charge.Some of the repairs and CapEx were front-loaded in prior years (new flooring, appliances, and paint), so last year’s P&L reflects more of a stabilized-operations scenario.The utilities figure is accurate — it’s higher due to being master-metered for the property — but the other OPEX categories are slightly understated if you were to underwrite this as a fully managed, third-party operation.If I modeled it using a professional management assumption plus normalized reserves, the operating ratio trends closer to 48–50%, which aligns with what you mentioned for coastal STR multifamily.I appreciate you calling that out — it’s a great reminder of how much variance there can be between owner-operated and institutional-style expense reporting, especially in hybrid STR assets like this.Here's the owner's profit and loss statement for the exacts of the 2024 year.

It is very unusual for online transactions to require a photo ID.  

Nothing unusual happened and everybody was taken care of and happy. 

This is unusual as rents typically dip in this time of year.Rentals - Availability by MonthThe number of homes for rent decreased MoM in September, again bucking the usual seasonal trend.Rentals - Median Time to RentTime to rent increased MoM from 24 days to 28 days, but remained healthy especially for the season.Rentals - Months of SupplyThere are only 1.4 months of supply for our target rental property profile.

It’s not unusual for investors to run the second half of the project more hands-on, especially when the major structural or demo work is already done.

It’s smart to be cautious about side hustles with uncertain ROI focusing on what you already know (your market and your strengths as a landlord) can often yield the best next move.