Yet, the current market conditions in Australia (especially Perth) are proving to be incredibly competitive.

It's going remain among the most in-demand cities world wide owning some land there is a really good bet, but you still want to be diligent and appropriate with how you enter.  

The great Recession was incredible brutal.

It's not city-wide here in Cincinnati.  

Tisch Center of Hospitality, has released a series of CapEx studies showing hotel capital expenditure spending has been half of pre-pandemic amounts in period 2020-2023.The impending debt crunch faced by commercial real estate over the next 18 months has also been widely reported. 

However this is not happening so much in Nashville as it is still incredibly expensive and desireable. 

But then still paying 5k and also covering repairs.It just seems incredibly risky to me. 

The combined costs for grading, surplus disposal, gravel base, asphalt, curb and gutter, manholes, sewer laterals, and sidewalks could easily be $200 per linear foot for a 20' wide street.

Location, property condition and amenities can cause a wide range of rental rates for similar layouts (2 bed 2 bath for example).

There are a lot of sketchy people living as roommates, so you want to cast a wide net, screen carefully, and be patient.