Your concern is a good one, buying in this market at high rates = high payments and you may not cashflow if you were to repeat the process.However, 2 considerations. (1) By not doing it you don't have 800-1000 in your pocket, so although the payment on the new place might be higher than in a normal market you've got extra funds to cover it.(2) Your new rate is not forever, perhaps in this high rate market, it's as you say, best case you're breaking even if you repeat this process.

Tied to this is the fact that it is very hard for us to make informed decisions about making purchases in markets we are unfamiliar with, given the normal ebb and flow of real estate activity.That said, I am not raising this primarily to criticize these companies, but rather to focus on the practical effect of what they leave out.

Normally this is where we hit a wall.

Without payoff and lien info, this is a complete gamble for you, IMO.

At the moment it looks more like gambling.

Usually take up a large amount of land so imposes on more homes for comparable sales within the normal mileage/boundaries.

My big question is to file it for section 8 or rent normally.

Which is a normal occurrence, but anymore people tend to pull out their phone and research before just going somewhere and figuring it out.

@Gregory Calloway Pretty normal and honestly he's probably getting better prices than you could get.

I don't understand why I can't just use a normal title.