Hi everyone I am looking to network, help in any way, and grow my portfolio. Ready and motivated to get on it and grow now all over the USA and internationally if possible and convenient. Any help or advise is greatly...

Record stores - I worked at one as a teen in the late 90's.

It was the owner of the house and a couple of neighborhood teens who handled the demo and clean up.

My mother was on it when I was a child but has been out of the program before I was a teen.

Though out my younger teen years real estate investing was always something I was interested in and I have done quite a bit of research on the topic, but am nowhere near being well versed in all there is to know.

Is it safe to assume that with rates much higher, that the target IRR is now in the mid to high teens?

@Ted BarrettIt's not really a rule but a napkin math theory to estimate if an investment is "good" from the twenty teens.

I think I heard a rumor gout is Trumps fault now, along with obesity, acne, inflation, deflation, stagflation, and POTUS said something about "whnjkwnkdn s-wjoians-wijoniwnebbbb" being his fault too but not too sure what that is. 

Investors generally want annualized returns from a combination of cash flow and equity on sale of mid-to high teens; and if they perceive this as a risky investment, they may be seeking even higher returns.

the homes were selling for 120 to 160k  at that time .. same homes sold for about 20 to 30% higher a decade before.. then as we know Detroit had one of the great crash's and just like your buddy at 3k a home many of these homes went down to the teens etc.. and have just been crawling back I dont believe the values have ever gotten back to their historic peak.. maybe one day.. but not today..