cite=61.34.0202. https://leppardlaw.com/criminal-law/fraud/equity-skimming/3. https://le.utah.gov/xcode/Title76/Chapter6/76-6-S522.html4. https://www.justice.gov/archives/jm/criminal-resource-manual-882-sample-indictment-equity-skimming-18-usc-1575. https://www.abajournal.com/news/article/4_new_york_lawyers_indicted_in_alleged_1.4m_equity-stripping_scam6. 4 New YorkLawyers Indicted in Alleged $1.4M Equity-Stripping Scam7. https://archives.fbi.gov/archives/boston/press-releases/2011/walter-bressler-enters-guilty-plea-in-mortgage-fraud-equity-stripping-schemeWalter Bressler Enters Guilty Plea in Mortgage Fraud/Equity Stripping Scheme8. https://scholarship.law.umn.edu/cgi/viewcontent.cgi?

It took a posting from me fir Grocapitus to make adjustments??

Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in:  choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!

Did you have an ARM that adjusted?

Here’s how it works:Population Decline or Stagnation: If the population is static or shrinking, the current housing supply meets demand, and property prices decline (in inflation-adjusted dollars).

Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?

I found the setup and management process on Booking.com to be horrendous, not intuitive, time-consuming, fees are expensive, I had to manually process credit cards, and only got a few bookings for my trouble.  

To beat 5.25% mortgage rate....the corresponding, offsetting stock market return would be at least double that...To answer your question requires (1) knowing what risk adjusted return you will be able to earn in the future (2) knowing what interest rates will do in the future.  

I would suggest you take a few months and watch the market before jumping in because the market has adjusted the pricing because it's hot. 

I have financed a number of STR properties and they will usually be appraised as a pure real estate as vacant value and a cash flow adjusted commercial value, sometime separated as going concern and real property.