Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.

The play is that rather than having to wait until the foreclosure process is completed, the investor can rent out the property (and earn a return - after rehabbing it, of course) during the process.

Cash flow is real, but it’s often a long-term play.

And a single or double play is awesome.

we invest in value add plays (no major rehabs) 10-40 units.

It's a forced equity and appreciation play with the benefit of personal use and the hope that 100% bonus depreciation comes back.

Many of them won't be convinced by facts, such as how much revenue STR's facilitate in and around Asheville, and will continue to push debunked sentiments about affordable housing, but the threat of lawsuits might make them play nicer.

Again, fair play for a major business like this, but it's the old guard who have held up the forums for years, even with their technological ineptitude.

And right now the bigger cabins are not a good cash flow play but might be a great equity play when you look back in two to three years.  

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.