As others have pointed out, this well-exceeds the current averages that we're seeing.With that being said, one situation that I've seen lead to this result several time over the past few months is an active rental listing being stuck in a cycle of chasing the market down.

If you're thinking about NV the Reno market has more year round activities because of the proximity to Lake Tahoe in summer and ski areas in the winter. 

He is also active on BP promoting his business.

In Jacksonville, the market continues to be strong in 2024, with some cooling off after surging activities of previous years.

More Active RE investing can accelerate the returns but they take work and have risk.  

You could also go onto Facebook Groups and see what kind of activity there is.Chances are there is some demand.

The only things I change are that I require a copy of their housing voucher (which tells me which agency they're with, how many bedrooms they're qualified for and if their voucher is still active) and I require only 1 months rent in income instead of 3.The rest is the same - I call every landlord they've had for the last 5 years, I check their background, credit, etc. 

If you email me at contact info below or DM me, I'll connect you with a few lenders who are active on our platform. 

We are actively looking for foreclosed properties that need a bailout.

However, Technically you should have filed partnership tax return where he would have recognized his portion of yearly activities and sale at the end.