Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

Also, the tax benefits of the buy and holds help offset the increased tax consequences of fix and flips.

Each market is different but as a national average, the increasing rates have increased the inventory.

Quote from @Rich Davis: I know there have been posts regarding the ever increasing cost of insurance.  

You'll figure out a good price for yours, but be sure to check the market every month or so, and track whether it is increasing, stabilizing, or decreasing.

Building back utilities can increase your income, but it requires careful planning and execution."

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

Here's my take on the decision:First, let’s look at the pros and cons of paying off your current short-term rental (STR):Paying Off Your STRPros:-You Eliminates your largest fixed expense (the mortgage), which increases your cash flow significantly.

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).