If people think houses, or other assets, go up linearly then I am at a loss for words. i was on a cruise last fall and my wife made friends with a lady in Art Class and it we had dinner with  her and hubby.. turns out hubby was on the Board of American homes for Rent... they own about 30k homes.. they morphed from buying from others to building their own.. and then when rates rose they stopped and are just treading water at this time.. at least thats the report for that company..

Some of them are under water and would need to bring cash to close after paying commissions and closing costs. 

I would draw a circle around 30 minutes of you in all directions (not into the water of course) and then 60 minutes and run some data there first before packing your money up to ship off to a market you don't know.

And high water bills .Properties in Balto are cheap for a reason . 

It's a pure B2B concept, where adults, knowledgeable and knowing what they are doing, can get rid of dilapidated, uninhabitable properties, or buy those properties for fixing and profiting from rehabbing.

You can lead a horse to water, but you can't make it drink.

I personally recommend doing a small project together first to test the waters. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.

(Yes, I did eventually get in the water)

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

This weekend I have a family moving in to one of our properties due to their own home got some major water damage inside.