That’s not where we are now, and capital stacks need to be designed for current conditions.

I typically talk less about the market conditions until we have a general plan in place, and then we discover what may work best with the current climate (rates, fear, opportunity, demand, etc..)

Stick to buying good properties in good areas that are in good condition.  

Real estate is tangible and given market conditions, your specific area is poised for a significant amount of growth in the future.

On top of that I had the city coming after me for fines due to the condition of the place   This was a drug infested area of town.  

In similar situations, it may be worth considering renting first and selling later when market conditions are more favorable.Finally, the importance of choosing the right agent is a valuable lesson.

With election uncertainty and changing economic conditions, there is potential for further shifts in the market as we move into 2025​(Nest Realty)​(Garretts Realty).For those considering investing, it's worth noting that Louisville's rental market remains strong, particularly for multifamily properties, where rent prices have increased 5.1% year-over-year, outperforming national averages​(Nest Realty).Lot's of cool things happening in the area!

I have a kind of "secret empathy" for younger folks nowadays because they've been condition to be these impulsive, reactive hyper-drama organisms. 

They do draw a hard line with cloth wiring, even if it is in good condition and not knob n' tube. 

Key factors include the quality of the renovations, market conditions, timing, appraisals, and presentation.