You also have to consider the down time of not renting while you renovate and likely having to fly in several times to check on work, meed contractors, pick up supplies.

Eventually, the supply of essentially free house and/or suckers runs out, or law enforcement catches on, or some combination of those factors.

There is increasing supply as a result of increasing demand but the real question you're asking is whether it's going to lead to oversupply and lower rents or not.

It was truly the wild west.For the same reason I said several years ago the price of houses weren't going to crash due to supply and demand and the supply being so low, I believe the same thing is going to happen out here.There was an oversupply of building going on 2 and 3 years ago out here especially on the bigger cabins.

I thought  @Elliot B. was talking about installing meters on the supply and return pipes for each unit and measuring BTUs there.

I know I can reach out to some mortgage brokers to connect me with a private lender for most of the mortgage and then I would just need another lender to supply the down payment and renovation money.

Quote from @Adam Bartomeo: Quote from @Jay Hinrichs: U also are fighting all the investor who flooded int to build new homes for rental purposes so OVER supply.. and we know a ton of those got stuck with bad builders and are being worked out so supply is going to keep coming in ..

This low inventory will continue to pressure up rents.The sales market remains hot.Sales - Months of SupplyThere are about 1.5 months of supply for our target property profile.

The demand here far exceeds the supply so there is no reason why your property should not have been leased months ago.

This means that if not another house was put up for sale, in 6 months, the market center would run out of houses to sell.In August of 2024, Greenville had 3.8 months of supply.