I got in before rates skyrocketed.

Too many things can happen in the market causing rents to skyrocket.

@Mario RichardsonCheck around - I saw reports State Farm is losing billions of dollars so their rates are probably going to skyrocket so check the competitors

Rents have skyrocketed up an unprecedented amount. 

Interest rates will skyrocket, as inflation comes back. 

As mentioned, default interest and legal fees get insane and you will see the balance of the loan skyrocket.

You can be working with a contractor for years and then all of a sudden they disappear or their prices skyrocket or they become unreliable (has happened to me multiple times). 

These deals no longer meet DSCR requirements (which skyrocketed with rising interest rates). 

I've probably made more money in RE in the last 5 years than in 20 years previously combined, and our population was skyrocketing *before* COVID.

Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves.