This also makes it easier to either gain a larger profit if flipping or room to do a cash out refi if holding.

His profitability with the current properties has capped & he wants to get out before things hit the downturn.

-Zach Lemaster - CEO Rent To RetirementHere are some past threads that may help your research: https://www.biggerpockets.com/users/ZacharyCole/referenceshttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirementhttps://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-dealhttps://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-flhttps://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?

Below is a diagram illustrating the three main tenant segments in Las Vegas.If you unknowingly purchased a property that attracts the Transient tenant segment, turning a profit will be nearly impossible due to high vacancy costs.

Get an estimate of what the property will rent for and see if it will be profitable.

Check out profit first and profit first for real estate investors for more info on those accounts.Send me a dm if you or anyone else has a question.

I just don't see how this works out profitably in the current market.

By charging below on rent, you're losing profit, and by overcharging, your properties may end up sitting vacant, which ultimately will cost quite a bit.

Can we, as the landlord, contract with the towing company, if for no profit or income to us?

For investors, patience and strategic planning will be crucial in identifying profitable opportunities amidst the challenges.ConclusionThe Greater New Orleans real estate market in August 2024 is marked by shifting buyer preferences, evolving investment strategies, and challenges for sellers.