Especially if it's a lien immune to foreclosure, that can cost you. 

We were not immune as we lost about 20 units, but they were either owners with unreal expectations and/or underperforming units due to not being well located/renovated/lacking amenities etc. 

Back in our Day 70s 80s .. our normal spread was 4 to 6X of what we paid for it so we could afford a healthy discount and still double our money cash on cash.I still fund land flippers to this day and really enjoy it.. bought one today and got paid off on one today :)  And in a way if you really know what your doing beats buying beat up houses for many folks.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

According to Jamie and his team, the STR market is healthy, strong, and sustainable at this point.As an owner of STRs and advisor to clients who are also owners, this was a refreshing listen on BP. 

I have a healthy income and have built a solid financial base for my age.

I understand most would say I should double-down with my spouse on our business full time but 1) our industry is heavily regulated in a way that can really affect revenue so it's a priority for both of us to have another avenue of income-- if not cash flow now, then appreciation/equity. 2) my spouse and i work very differently so while we have made it work the last couple of years, it isn't conducive long term to a healthy marriage. 

@Gabriel Oquendo The STR market is still quite healthy here in Myrtle Beach and the other nearby beaches comprising the Grand Strand. 

I have experienced, first hand, so many healthy people drop out of the blue, as young as 40s, but often in their 50s and 60s.

we eventually refied after only 9 months with a significant noi increase through fannie becoming cash on cash plus a sizeable non taxable event along with 5 years i/o at a very low rate which allows for a healthy cash flow