They may miss out on future gains if the neighborhood continues to increase in value.

@Dexter Florendo Kalai AspacioBuy in the right location where people want to live and rents will continually increase.

He was an older gentleman relocating for work, and his biggest concern wasn’t price—it was speed.

Your sphere is concerned with buying beer and cigarettes, not houses.

This year the 8.6% maximum allowed increase is higher than the market rate increase.  

The numbers seem pretty fair.. 40k down, 900k asset,  all rented out, 7.5k GR with room to increase,  5.7k PITI, no balloon payment.

Quote from @Blake McWilliams: I believe it's well proven that automation and systems not only help us keep our sanity but help us increase production exponentially.  

Account ClosedIf there are maintenance concerns that's an entirely different issue.

Quote from @Horacio Renteria: I became an accidental land lord after a divorce in 2020 (bought ex out for equity) then purchased a second home as primary in 2020 for 2.85% interest and has increased in equity 115%.

After the pandemic-fueled housing boom cooled somewhat in 2023-2024, the market has found a new equilibrium that presents interesting dynamics for flippers.Key statistics worth noting:- Median home prices have stabilized around $450,000, representing a 3.5% increase year-over-year- Average days on market: 42 (up from the frenzied 12-15 days seen in 2021-2022)- Inventory levels have increased by approximately 25% compared to early 2023Where to Find Flipping Growing NeighborhoodsSeveral Phoenix neighborhoods are showing particularly strong potential for profitable flips:1.