@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

How do you handle contractor schedules and supply chain slowdowns?

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

One of the reasons there is short supply of housing is because guy bought a 5 bedroom in 1980 and he is paying $1000 a year for it.  

When the biggest buyer in the market is gone, supply balloons and rates have to go up to bring in buyers.

They just keep saying they’re having supply issues.

The need is much much much greater and demand will continue to outpace supply.

If anything that might restrict building but I don't see them running out of water for existing homes so wouldn't that mean home values going up because supply would be restricted.What kind of climate risk could occur there?

But I still believe we have a huge supply and demand issue and the government needs to do something to spur new construction.