There could also be other factors at play too such as speed/ease of communication and promptness of filing.

We saw the STR tidal wave peak, and now STR operators are dealing with higher levels of vacancy.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

My goal is always to be as decisive as I can be once I've collected 60-80% of the data because you'll never have everything you need and speed is usually your friend in investing.

Clearly the price peaked and is on the way down in the Cleveland market.

Many properties have seen drop offs from their 2021-2022 peak, but that should be somewhat expected?

Revitalizing listings every 2-3 years for peak performance is also a capital cost to consider during evaluation.

According to Northern Nevada MLS Data, the median single family home in Northern Nevada went from $510,000 at its peak in 2022 all the way down to $475,000 in 2023 (nearly a 10% drop) So, why didn’t anyone talk about this? 

@Wayne Brooks Right, but the safe harbor doesn't do anything to speed up foreclosures.

While you will learn how to handle those peaks and troughs your employees want to get paid on time every week, no exceptions.