We have had the same thing happing here in Florida, insurance companies leaving, and insurance skyrocketing.

Long story long, our interest rate skyrocketed and when you couple that with declining rents and increasing expenses, distributable cash flow erodes.  

Market price of available units skyrockets as demand quintuples over night. 

On one hand, we are seeing rising monthly dues, special assessments, and skyrocketing property insurance costs.

We knew at the price the house would cash flow, then the house market went crazy and rental prices went up tremendously and the appreciated sky rocketed so this is going to be an amazing first property for our portfolio.

I am on the opposite side of you on the Mortgage Banker side of things seeing things skyrocket in terms of applications right now with out of state buyers. 

Prices of legal Airbnb buildings here have skyrocketed.

Specifically, how you passed on a 2.5% fixed and now the variable rates have skyrocketed.

.- Landlord costs skyrocketing:      - Insurance: +30% (thanks, climate change)     - Utilities: +30%     - Property taxes, materials, maintenance all up     - Even lawn care and cleaning services cost moreThe article argues these costs are being passed to tenants, not just padding profits.

(The reason I want to update all new because the before the rehab process is even start if I can get it for the foreclosure amount the property has over 80k in equity and the revaluation after the rehab I can only imagine will sky rocket) But my ideas and dreams can crash and I’d be stuck.