A minimum of 650 is often acceptable, but that can increase or decrease depending on your market.

Although patching up the hole with sand definitely decreases the flow (could be sand absorbing the water, or the water just finding some other path of least resistance)Thanks for all your input though!

If I’m trying to buy a property now, using the rent potential for now, won’t I lose money once the price drops and the rental yield decreases?

We are afraid that if hold on to the property that the market will eventually decrease and we will lose an opportunity to sell in this crazy market. 

We plan to fix it up, raise rents, decreases expenses, refi and buy more!

Hopefully these are accounted for or tested in the financials prior to the offer but it is rare for projected financials to show profitability decreasing over time as it is not what the investor wants to see.  

By doing this you'd probably improve your cash flow, decrease your taxes and benefit even more from appreciation.  

There is significant risk that the US population will decrease.

@Ava Yuergens I don't think the returns are decreasing because of over saturation, I think it's because the cabin prices are going up rapidly.

And even if there is a 5% decrease (or worse), that still wouldn't phase me, because price appreciation isn't a big factor in my strategy -- cash flow is.