Pricing in LA has been resilient recently and historically, and is trending upward.

It’s in an area where OKC demolished some historical black neighborhoods to make room for the health center and interstate, and it’s finally starting to get momentum to rebuild.

It makes no sense to me.So, even if @Blair Colsey's wife can get a mortgage at 6.99%, a historic low for Brazil, she'd be deeply cash flow negative on that investment, unless she uses a large downpayment.

One is commercial (next to a commercial office space that I currently own), another will be my very first short term rental in Historic St.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

-new doors (all of the interior and exterior doors are new, including new hardware locks, hinges, etc)-new kitchen countertop-new waterproof treated butcher block countertops-new large kitchen sink with stretch faucet-new extensive shelving in the large closets-new tubs, shower surrounds, faucets (brushed nickel)-new toilets-new vanities, sinks, faucets -new bathroom hardware (brushed nickel)-Bluetooth bathroom fans with speakers-custom recessed shelving -3 entrances to house: front, side and rear-historic rod iron fence in front yard (refinished) What made you interested in investing in this type of deal?

Inventory is historically low, many new agents have the aura of desperation.

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

The rates historically aren't that terrible.