So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

Turning a historic duplex into a high-performing asset while forcing $100k in appreciation is no small feat—seriously impressive. 

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

Quote from @Benjamin Finney: Chris, interesting niche on non-performing mortgages/ rtl's.

Traditional loans are debt—you borrow money, take on a repayment schedule, and owe interest, regardless of how the property performs.

It's important to be on this platform, even if it's not performing right now. 

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.

We will see more investors walk away because the properties aren't performing well, but other investors will pick them up and the quantity will remain high.Rates are anyone's guess.

Thanks for sharing more details - we do agree that the PMC seems to be lacking in performing their services. 

I’ve tried VRBO and Furnished Finder, but they didn’t perform well in my market.