Occasionally through binoculars you may catch a glimpse of someone sitting on a porch, sipping a glass of mint julep, holding the glass with a white gloved hand with the pinky finger sticking up.

That would be around $90,000 sitting in a savings account!

I pulled equity out of some properties to use to buy more and more properties since I never had much cash sitting around.

Ok, then there "benefits" get cut to that bare bones "survival" minimum.

The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

Have a sit down and talk to him. 

And Scott's answer would be: because no one who wants to buy a house in those areas has 40,000-50,000 cash sitting in their bank accounts.

A lot of people are sitting tight in homes they bought from 2017-2022 so I would be curious if we'll see those people sell and move. 

Find an older one who'd rather sit back and get the interest than the higher return higher involvement of another flip.

As far as the bedbug cost, I would consider how long you are willing to let the place sit empty.