So yes, you're reading it right, we bought a building in February of 2018 in a rising rate environment with a loan that adjusts monthly.

The returns aren't quite as good as Denver, but they're still good, and the prices are lower in the Springs.And of course, the big reason we like it down there is because the regulatory environment is friendly to Airbnb/VRBO and short-term rentals.

He's basically a forensics expert which takes the whole environment into account versus just an air and swab test that the others have performed.   

My thought process is in our current environment where rates are constantly going up and will most likely continue to climb, lock up as many great deals as possible. 

In the current environment you want to be very conservative with this number.

Any other byproduct of business is great.....but the most important thing is the profit....we are not in business to create jobs, to save the environment or anything else.

These can serve as back up exit strategies.For example, once you have a reliable tenant with cash flow in a property, you can find a buy and hold investor who will be much more interested in the property, since they'll be spared the trouble of finding a tenant for it.You can also owner finance the property and then sell the note to another investor.† You can sell part of the note for cash now and have income later or sell all of the note at once.If you're having trouble finding local investors, online auctions can offer your property to a potential global market.Even in a soft market some homes will still sell at or near full market value.† Of course, you don't want to incur six months of holding costs waiting for your price so you have to get creative to make your property stand out.† One way is to "Go Green".† A few touches like solar hot water with a tankless water heater back up and adding rain barrels to the downspouts in order to maintain landscaping inexpensively even during drought conditions can put your property ahead.† Everyone likes ideas that save them money and if it is good for the environment too that is an extra bonus.

If you were to get a new one in the current environment (assuming we're talking 30yr conventional fixed rate), you would be paying 7%.

It will be interesting to see how well his program sells in the current environment. 8)

Their concern is, if we take a property back, we have to sell it low enough to compete with everybody else's REO.I feel like we are in an environment where banks are actually self-destructing by driving property values down (dumping their stock).They get into a vicious cycle of lowering property values because they are forced to keep lowering REO prices to move them.