With this new reality it is imperative that buyers are aware of these expenses prior to submitting offers on homes; they should also be aware of the risk that these costs can appreciate aggressively.https://www.nbcnews.com/news/amp/rcna163853

The good news is the home is in a great location and we should be well under appraised value with the purchase/rehab/holding cost.

Good news is its fully rented and generates enough cash to satisfy a 14% HML (give or take), that's pretty robust. 

If one follows the news, there is crash almost every month, if one follows the money, there is money in every month!

There are some news stories about that street that I have no clue how to factor into an investment property value.

Aspen and Vail are not just tourist destinations but have also become refuges for billionaires seeking luxury homes with access to ski slopes, adventure sports, and total exclusivity.

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).  

The good news is that in these types of cities, there are significantly more properties for sale (albeit at lower price points), and you can gain traction with a few houses per month more easily than in tougher markets like Tampa or Dallas, for example.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.