When rates were low 3's, they said any day a crash was coming.When rates jumped to 8%, they said any day a crash was coming.During both markets, the foreclosure rates and prices remained healthy and strong in most markets.Inflation has come down, 9/10 markets are up YTD in prices, and rates have come down from 8% to upper 6's.

I have no "skin in the game."

I'm familiar with a few areas more east that perform very well and there are some active vacation rentals with healthy income records on the market there as well.

It’s not rocket science but it’s definitely something that takes experience and skin in the game! 

***You'd want to make it worthwhile to foreclose and also be safe***If someone is an A Paper borrower just needing to close fast, some of my investors will go 75 LTV.You can also always feel more comfortable on a purchase rather than a refi, as people are bringing skin into the game, not trying to exit.

Keep healthy reserves for surprises - they're inevitable in this business.Lastly, treat this like the business it is.

One learns very quickly and unfortunately usually the hard way that cash tenants are a huge gamble and that section 8 is the only way to find healthy, consistent, positive cash flow in Detroit and many of the other inner cities accross America.

But they can't come to part with it and don't really trust handing it off to some PM to run it for STR that doesn't have "skin in the game". 

She did get treatment but we lost touch so I’m hopeful it’s what she needed to stay healthy. we have gone on to do over 450 deals since that one closed March of 2017.

I put $2000 down to have skin in the game.