Rental income has gone down because of supply and covid money being sapped up.   

In one case I game them a percentage based rent for a year as well (covid), then reverted back to the fixed lease afterwards. 

I love the BRRRR method, having scaled my real estate portfolio from just 2 units to 18 in 12 months (From 2 units to 18 Units in 12 Months), and later from 18 to 60 units in the early months of the COVID-19 pandemic (18 to 60 Units During the First 9 Months of the COVID-19 Pandemic).

“The rents increasing, high unemployment during Covid [and] the reliance on the rental assistance have all kind of culminated in what can be a difficult situation for some of our residents,” said Courtney LeVinus, president of the Arizona Multihousing Association, a landlord trade group.Still, Torres estimated that a third of property managers in Dreamy Draw had abandoned lenient policies this year that allowed tenants to sign promissory notes, giving them more time to pay off owed rent.

So if you're a distressed owner in a hurry to sell, out of time or don't have the money to make repairs or compromise on inspection and repairs OR  you don't want endless showings and strangers wandering through your house, especially during covid, then an investor is fast and easy.

Short term rentals in the past on lakes in this area have done very well, but things have changed post covid, interest rates rising etc.

@Priyanka Shah Kudos to you for staying resilient in the ever evolving world of real estate.

In the ever-evolving world of real estate, I’m here to transform the ordinary into the extraordinary.

@johnmason, I have completed a BRRRR over Covid but that was in a different market since then I moved into a more expensive market due to my full time job so finding a deal has been a bit more difficulty

As Chris noted, for all the news about how terrible they are, and a little of it is true from my post-COVID experiences walking around SF, NYC and LA, a lot of it, I think is blown a bit out of proportion.