A prudent investor doesn't seek quick riches through shortcuts.

The house is located in Utah County, and I think over time it will appreciate very quickly relative to other markets.

Just a quick introduction. 

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

That is a quick way to weed out people. 

A quick look at VRBO shows over 300+ listings so there is competition.

At the end of the day, losing $10k is really not a lot in the grand scheme of real estate investing, and given the seeming high volatility of this market ($275k to $220k, presumably in a matter of months), and the generally high monthly cost of HML, I would get out quickly and think of the loss as the cost of education.At least in my area (Cincinnati, OH) I don't see the market dramatically improving even as we get into the spring buying season, and, honestly, I only see mortgage rates continuing to climb for the foreseeable future, taking more and more buyers out of the market.

Hi @Jaycee , thanks so much for responding so quickly!

Know that every long term lender will require a survey and if something comes up on it when you are trying to sell or refi, you could get stuck in hard money without an easy or quick way to get out.Is there a pre-payment penalty?

How to Analyze if Your Home Will Rent Quickly•Check Active Listings vs.