And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

This could be a huge opportunity for investors who can find cheap conversions (think: a SF with an existing in law apartment).

I'm local and looking to see if anyone is nearby and wondering some things like how well BRRRR might work in our market (my feeling is not as well as others).Look forward to getting to know you!

Too many low income apartment buildings near by / vacant buildings. 

Granted, I am a part-time flipper, but most houses I see the pricing does not make sense for what I have to pay for labor.  

Need to spend some quality time roaming around here to get a feel for it.Tony

Most Hard Money lenders may also require you to have the investment property under contract, in order for them to feel confident you won't try to sue them and you can pay them off either by selling or refinancing  the property you are using the cash out proceeds for.

Feel free to reach out with any questions you may have or if you would like to see some past work.

If you feel the need to explain why you hit the "reject" button, you could add to any of those: We are closing this leasing process by rejecting all remaining applications in the queue. 

Feel free to message me if you'd like to connect with him.