Immediately after the weak jobs report, we saw unemployment applications come in way below projections.The economic pain people and businesses are facing in 2024 is real.

Look at rent growth trends, vacancy rates, and the area’s economic drivers.

And there’s no catalytic economic drivers for those areas.Don’t do it unless you are doing it just for fun and pure speculation.  

He is enticing people into paying more than the minimum, it is no more complicated than that.Pay mortgage payment = 22 years of payments (in his summary)Pay mortgage + HELOC principal + HELOC interest = 9.6 years of payments (in him summary)There is nothing wrong with it, it is behavioral economics.  

All he has to do is to not make it a "blanket" moritorium and make the tenants prove economic hardship through predetermined government standards and let us evict those taking advantage.   

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

It keeps your asset, but rising costs and no property management may stretch your time and energy.1031 Exchange into WA: If local management and long-term appreciation in WA fit your goals, this could work.

Trenching, utility connection charges and etc. add a huge cost handicap which makes the economics unworkable in almost every case. 

Also consider short term month-month leases on airbnb, renting individual rooms, month to month leases, just to get the cashflow energy flowing again.  

What am I going to do if a guest uses too much energy... nothingThe goal is to run MTR for a few years and then convert to LTR.