Asking in the correct forum will get a better response.Read the RULES!

Color me greedy cuz I'm not about to give this up!!! 

Asking in the correct forum will get a better response.Read the RULES!

I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

@David C. is absolutely correct. 

Everything you posted is correct except your definition of “profit” unless you only paid $140k.

I leave it to the reader to determine what path is correct for them. i will continue to advocate for direct bookings and being on multiple OTA platforms.  

If it were 2007 all over again and you knew you could sell at a record high, and invest your capital into conservative bonds and wait until the market corrected, would you?

You want to make sure that each step you take is correct and well founded to ensure the best resolution possible for yourself.

Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.