So far, it has delivered on expectations.

I have to expect we're in for a correction sooner or later given how long it's had a bull run (other than covid and the brief really shallow "recession" we had in 2022).But its returns will almost certainly be better than 6.5% over the long haul.

It might require a realignment of expectations.

For quality options, expect $2.5-5 per sf.Click-Lock vs.

I normally go into a deal telling a borrower to expect 70% LTV and then if the appraisal comes back suburban then we can bump up leverage. 80% LTV is typical in suburban areas and 70% is typical in rural areas for DSCR lenders.

They have always beat my expectations!

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

i've done a few flips, a few BRRRRs and a few seller finance deals.time horizon and expectations are important right now.  

By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.

The partial claims are always way more than people expect and usually leave them upside down.