Their millennial population has seen a 25% increase over the last 5 years and the baby boomer population has grown by 13%.

Im waiting to hear back to go look at the last unit.

well as I posted last week Oregon is now going to require wholesalers to be licensed they have carved out a special license for this activity.. those wishing to continue to wholesale will need to do full criminal and get a bond.. some will not qualify as they have bad backgrounds or crappy credit.

It’s been pretty competitive here (partly bc we’ve gotten some BP nods over the last year) but I’ve definitely noticed a drop in offers and competition.

Your perspectives have been incredibly helpful as I navigated how to handle the situation.Here’s how I just responded to the tenant:I expressed sympathy for their situation and the loss of their pets.

One thing I can assure you, there isn't an asset class in the world that would have me comfortable at 100% leverage.Your money on the sidelines is great in principal but in reality it will be put to work covering the net loss on the properties you buy as you will be overleveraged and won't be able to cover your operating expenses with the rent.

I've been in the investment space almost 9 years now, and been actively investing in flips myself, the last year.

I have yet to complete a walk-through of the property and see what renovations may be needed (potential for HVAC and interior, but from my understanding the roof and windows were replaced within the last 7-8 years).

Since I've owned just a few days over a year, I'm not a happy camper and have no doubt they knew this was going to happen when they took my money last November. 

Cutting our losses and selling was difficult, but it was the best option given our financial woes.I’d love to hear from others—has anyone else faced something this unexpected during a BRRRR or flip?