You could have bought a house, or several, that would have doubled in value.

It was the Peak Housing Reit by the Peak Group for those interested.

And your money is Trapped inside your house. 

I rebuilt a house in the area a decade or so ago that had cracks in the walls that I later discovered had a 6 foot diameter bee hive in it.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Are you looking to do more rehab projects like this (either house hack or not)?

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

I have 3 houses that Premier has managed over almost  9 years, and they do a great job keeping them rented to very long term tenants.

It's super affordable and you can still find houses for 120-180k here!