I'm worried replacing original flooring will devalue the home.Is it advisable/possible to simply contract a flooring specialist to cut out the damaged boards, check what's underneath (with joists) and then go from there?

I’m prob missing something though.. granted, you have made some interest spread over that time frame but it may not equate to the amount the asset has devalued over said time?

It will take a while before we see inflation come down again to 2-3%, probably years.We are witnessing the biggest devaluation of debt in the last 40 years as the dollar is losing value.

Supply/demand will continue to trump government intervention in these markets.Secondly to the point on debt, in an inflationary time, being out of a devaluing currency is far more important than remaining liquid in my opinion.

That said the OP was asking about the Fed's announced interest rate hike, and IMO 1% bump in interest rates isn't going to devalue real estate.

If the dollar is devaluing 20% over the next 3 years, that means all your metrics are 20% better seen from a 2025 perspective.

I never said the appraiser devalued the property.

I'm going to recommend reading the BRRR book by BiggerPockets to help answer a lot of these types of questions.AS far as finding the owner, you can do skip tracing from the name on the public records search from the municipality the property is located.As far as the funding part goes, the lending market is a bit leery right now of any deals that don't meet all their qualifications as lenders are preparing for market devaluation in many places.

They're just CYAs ...I would only buy a house like this if it were seriously de-valued, like by more than 20%.

If not then why would you devalue your investment by not charging market rent.