Our first 4 properties were SFH but we sold them all this year in order to recycle capital to build better cash flowing multi units.

Its still listed on the auction site, no mention of the fire or condemnation.Your house may be an open shell, roof caved in, no floors left, all the plumbing and HVAC material 'recycled' by the local druggies, windows shot out, in a war zone. 

I lived through two boom-bust RE cycles in the Boston area, the first one ending with the S&L debacle and the second - in 2008. 

Many are the type that don't appear dangerous: recycling collectors and the like. 

And MEMPHIS Is a poster child for the OOS investors.. the inventory below about 100k to 120k and certainly in the 50 to 80k just gets recycled.. thats why you have so many wholesalers .. 

I'm not one for market timing, but I'm also not blind to where we are in the RE cycle.

“They’re really driving hard to get this thing done as quickly as possible,” he said.Fortune Magazine reported last week that the price of lumber has nearly doubled due to a shortage prompted by the pandemic.Rising lumber costs has driven the project’s bill up from $45 million to just north of $50 million, Church said.Workers are recycling as much brick and wood as they can during the renovation.

And if you want to learn about the RE cycle go here. 

Battery recycler Li-Cycle is building a facility in Gilbert and EV parts producer UACJ Whitehall is setting up shop in Flagstaff....The Buckeye plant, which has been named the KOREPlex, is expected to produce 12 gigawatt hours annually, which Gorrill said is enough to power more than three million homes.Developing the first phase of the Buckeye plant is expected to cost about $500 million.

I let my money sit in there instead of the bank, eventually got a home equity line and recycle the money as deals go up.Also, if you have a high earning job and your self employed it is easier and less time consuming to go cash in.