With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?

Still probably won't pull the trigger---hurricanes can really kill your cash flow for very long periods...but will think about it.  

At the end of the day, if a lender thinks a wave of foreclosures is on the horizon that will decimate real estate values for a period of time, they will not lend.  

Check the recovery (or breakeven) period on the refi.

The only items to really worry about are the slightly higher fees and PPP periods on the loan. 

I purchased about 2 acres of land in Winston County Al I went and looked at the property and its all completely wooded, but my question is could i go ahead and start clearing the timber off of it or should i wait until the redemption period is over with first?

In a rental I manage, we did see about a 40% higher rent for a furnished unit, but may see some higher vacancy periods and tenants probably expect more included (utilities, internet, etc), but agree it's something to consider.

Markets that experience this generally realize a sudden appreciation event over a short time period and then the appreciation levels off or slows. 

However, during that time period, they were supposedly renting from a family member, so I don't fully trust that.So, most likely the applicant was being dishonest.

Non QM, 8.125% interest rate, 2.625pts, 20% down payment, 12 month prepayment penalty period - 3.61% CoC2.