Older NW / inner pockets (deep value)

The lowest entry prices and highest paper yields in the market, in older pockets with limited reinvestment.

Concentrated deferred maintenance, higher-crime pockets, and insurance exposure; the headline yields rarely survive the real vacancy, repair, and insurance picture for a remote owner. Cheap rural land can hide well/septic/road costs.

Investors who understand that the highest advertised yields often come with the highest execution risk.