Might want to reconsider Austin.Miami to escape the home price correction in 2023 while ‘overheated’ housing markets like Austin get hammered, says Goldman SachsFeel free to reach out if you have any questions.

It's a hammer in a tool box.

@Elin Trinh- no - mtg ins  required with  FHA and  conventional loans at  a 3.5% down payment  ...fyi - the amount of the mortgage insurance will vary based on the  program used / the down payment /  the credit score  etc .....so  get  pre approved  and get this  mtg ins detail  hammered out so you know what it is likely to be  .....also - consider  using a conv loan if possible  as  the mtg ins is  lower than with FHA and  also you are allowed to  eliminate the mtg ins  down the road  ( mtg ins  is permanent with FHA )

However I learned I was good at finding and negotiating deals and that I could make more money doing extra deals than  swinging a hammer or pushing a broom. 

And or get your own license. its a few grand then you can hammer away at low ball offers..

Bring a hammer & screwdriver to fix a couple things in between boating on the lake

Other owners believe they can climb out of the hole before the hammer drops and fight until the bitter end to save their homes. 

In my rougher farm areas the houses have routinely been boarded up by the city so my inspection kit has a screw gun, hammer, several pry bars, etc.

@Debbie Lee dont stop hammering them.

Also, you do hear stories about people building un-permitted units, and then the city finds out and drops the hammer...sometimes the city finds out about the unit because a neighbor who is disgruntled by the STR traffic, or upset about some other issue, calls the city...the city inspectors show up, and require the owner to rip out all of their un-permitted work, or they fine the owner, or they require the owner to bring the unit up to code (how the city responds often varies from one municipality to the other, depending on various local and state laws and regulations)...   ...There was a long thread on the forums not long ago about this very topic...If you do pursue either the STR or the MTR approach, I'd be very interested to hear how it turns out.Good luck out there!