@Myki H You've come a long way.

@Jay Molis yes. Doesn't seem like we could ever know everything about this business does it. Thank you

Old guy thoughts... I'd probably give it a little more time before dropping the rent. Three weeks in a rural market doesn't seem terrible to me, especially since you're getting interest and applications. The fact that people are applying tells me the price probably isn't completely out of line. The bigger issue sounds like applicant quality. I've learned the hard way that vacancy is expensive, but a bad tenant can be a whole lot more expensive. I definitely wouldn't lower my screening standards just to get someone in there. If another couple weeks go by without a qualified applicant, then I'd probably test a $50 reduction and see if it changes the quality or amount of interest. I'd rather give up $50 a month for a good tenant than lose another month of rent chasing the last $50.

@Harrison Tradebetter for how many units?

@Val Fears i'm learning that our reserve number varies depending on the location of the property and the age of the property As well Thanks Val

@Dion McNeeley I like this answer, especially the point about looking at the whole street instead of just the property. When I started, I probably would have put three numbers on my list. After owning rentals for a while, I've learned that a property can look great on a spreadsheet and still give you plenty of reasons to regret buying it. The economic drivers piece is something I'm paying a lot more attention to now too. Why are people going to want to live here five or ten years from now? And the parking one is interesting. I probably wouldn't have had that anywhere near my top three before, but I can definitely see why it matters, especially with multifamily. Another reminder that the numbers tell you whether to look — but they don't always tell you what you're looking at. Foes that mean you dont look for the ice machines anymore...

@Jay Molis your roofs sound extremely expensive.

@Joe Stone Great when you get an inspector like that. Good point about having enough reserves to get it done quickly. Sorry to hear he passed. As a contractor I love the way old homes are built. Nothing even close to that these days. That said, they sometimes bring a different kind of challenge. Great to take a break and jump back into bigger rehabs when your back in position. Thank you