If the answer is yes, you can go Nathan's route and maybe recoup a third or so, but IMO not worth it.We focus more on preventing these situations in the first place with solid screening and frequent inspections, once the damage is done it's too late.Milwaukee is currently the second most competitive market for tenants right after Mimai, FL according to the Q1 report from rentcafe.

Claudia, They've recently become more competitive and I do recommend them. 

Would a property management firm even take me, considering I would be their competition once the two years pass?

Many of these platforms also send the same leads to multiple agents.Since most of these paid leads require work/follow-up anyway, have you thought about paying less $ for leads where there is significantly less competition?

It's a higher priced rent but very desired location, updated, and compares favorably to others listed in the area --- and still priced competitively.

It is hard to win with 3.5 down in competitive markets as well right now.

These buyers benefitted from lower monthly payments and avoided the intense competition seen in subsequent years.As inflation picked up, partly due to increased government spending and monetary policies, interest rates began to rise sharply, reaching around 7.5% to 8% today.

Competition is high also so I wouldn’t touch it if I was out of state.

Keep an eye on your competition and see what rents quickly and what doesn't.

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.