I am assuming brrrr do similar but in reality, due to conservative nature of refi appraisals, I suspect they achieve less valuation if based on the refi appraisal.https://www.sandiegouniontribune.com/2024/12/16/home-flippin...

That's the nature of disruptive technology I suppose.And I don't think the actual amount of the transaction is really relevant so I wouldn't say you are outclassed.

This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.

I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

It’s just the nature of the beast.

:)  its the nature of capitalism. 

Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline. 

Rental properties are a high CapEx / low cash flow business model by nature.

I like Texas for the economic outlook and less natural disasters but I may be biased!