This will certainly cause near-term financial strain for the operators of these mainly franchise-owned service businesses and their landlords.

Columbus is definitely a solid market, but I did notice that it tightened considerably, even within about 6 months of my purchase.

So if because of the times we live in a local lender decides to require a 640 credit score for an FHA loan when 620 would have cut it a few months ago that is an example of a lender tightening an overlay.

My concern is that the can has been kicked as far as it can down that road.The last two times in recent memory that the fed didn’t backstop the market-Q4 2018 (when they stopped “easing” and started “tightening”) and Q2 2020 (Covid) the market dropped.Not a surprise on the drop from an unprecedented pandemic, but the recovery is fueled by the fed, not by the market, so I feel it’s already inflated.

This is probably your best bet but that comp range is way too wide open so you'll want to tighten that down a bit to get a more realistic ARV.

We reached out to a trusted local lender who told us that it is really hard to get loans to remodel investment properties right now with lenders tightening their belts on investment loans.

Haha.With major banks and lenders starting to tighten up lending requirements I think you could be running a risk waiting.

If you find yourself having to do cash for keys frequently then you may need to tighten up your leasing qualifications. 

Lending standards are going to continue to tighten.

Time that can be used to create new systems, tighten up old systems, and with that, create more time to speak with more prospects.