I think most of the buyers are some variation of the following:1) Condo conversions2) 1031 exchanges looking to relocate equity to a high appreciating area, able to buy down the mortgage enough so that the property produces cash flow.3) Owner occupants looking to offset a portion of the mortgage (even though the numbers aren't great for house hacking, I still think people are doing this to some extent)4) Foreign money all-cash transactionsSince inventory is so low, there's enough of these types of buyers to keep transactions happening at prices that don't make sense to average investors, in my opinion.

I think most people can become a millionaire within five years if they are willing to follow a strategy, make the sacrifices necessary, and do the work that it takes to become a millionaire in five years.

Providing for the disposition of certain personal property following an eviction.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

The best use of AI in our industry is to use it for re-engagement of follow up leads with the outcome of setting an appointment with a human being.

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

My goal is to build the capital needed to start investing in Real Estate, and I felt this was the best way to get there.I spent 6 years as a project superintendent with a commercial builder, followed by 2 years as a construction manager in the track home industry.

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

Hi @Raymond Kalonji I would follow what all have said here, but I want to highlight one thing while working with section 8 or any other tenant is very important "timely communication".