Here are my initial thoughts:As a small landlord in Ontario, my experience over the past eight years has highlighted significant challenges in managing rental properties effectively.

@Lucas SchlundI just read an interesting article about the Detroit STR market environment on Steadily’s blog.

. 💪 You’ll have some wingmen along the way, sure, but it's all on you.Success will bring a squad of cheerleaders, but challenges?

Challenges?

While the stock market is on the roller coaster, getting people to invest in real estate right now is just as challenging or even harder for passive investors to invest in real estate.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

It's important to work with someone who has firsthand experience with the challenges and rewards that investors encounter.

I see what you’re saying about cash flow, and I agree—rising prices are a major challenge for investors and buyers.

It’s challenging to understand how someone could allow their property to be sold at a tax deed auction.

Hello Kelly, House hacking is alive and well and yes depending on what market you are in it will be challenging to acquire something that will allow you to live rent free.