While the Fed looks to continue their trajectory of cutting short term rates, I suspect the mid and long points of the yield curve (particularly the 10 year, which is what most mortgages go off of) will stay elevated. 10 Yr treasury today is 4.4%, but if it goes up to 5% or 6%, your mortgage will likely be in the 8% or higher level, which then hits CF even more.  

I know MHs don't appreciate like a house does, but even as it loses value over the years, I am still making money.

That said, even with photos, comping homes in Detroit proper is extremely difficult.

And nobody is paying more than 550k for that cabin even with it being new construction.Its been a couple of months though so I'm curious to know if you were able to sell it or not and if so at what price.   

**I did not add a management fee in there, but if you do even at $1500.00 your top end you are barely getting by....

You can get into a home for little or even nothing down, perhaps add some value by renovation, then hop to a new primary residence in a year with little or nothing down, and repeat.

Maybe even failure to take full advantage of an opportunity, resulting in a loss of potential profit or benefit.

It’s one of those emerging real estate investmetn options 2025 might highlight, from what I read recently in The Economist, since these secondary markets can show surprising resilience.Now, I’m no climate scientist or attorney, and I’m definitely not your CPA, but I’ve seen enough deals across San Antonio, Omaha, Phoenix, Chicago... even Austin... to know there’s serious value in getting an investor-friendly agent who won’t just hand you a generic MLS printout and call it a day.

And preparing a building site and installing a driveway are further considerations if I even decide to build something there.

house hacking is still a very good option even in this market.