Aren't they losing money?

Keep in mind these still aren’t huge numbers by historical standards.Single-family home stats for November.

., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

For those still wondering why mortgage interest hasn’t moved down alongside the Fed’s rate cuts, see this WSJ article: If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?

Property Managers:While realtors are great at buying and selling homes, most aren’t trained in the intricacies of tenant screening.

Nothing points to this better than claiming the property cash flows $1,000/m relying on rent collection and debt service/taxes/insurance while responding to my question about other operating expenses/reserves with:  "repairs will come and we will fix, but that's why we do our due diligence before we buy so we aren't walking into major repairs".  

If you talked to attorneys, why aren't you hiring them and following their advice? 

Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

Appreciation is great, but not when all of that appreciation is eaten by the repairs you aren't doing.