.), and it can still be a complete nightmare that can ruin your life (indeed, we see no shortage of beginners in the forums who talk about buying a property that looked GREAT on the spreadsheet, but which turned into a total disaster). ...and the opposite is also true--some properties look mediocre on a spreadsheet, but can be excellent investments for any number of reasons (e.g.; tax benefits, construction quality, tenant pool, value-add opportunities, ease of management, etc., etc.).

There is no shortage of those exact people on this website, or probably even on this forum thread.

There are always unintended consequences.We will have ongoing supply shortages at high prices and business margins will be squeezed causing considerable layoffs.

Rents have skyrocketed in many of these areas and given the shortage of housing, many expect the upward trend to continue. 

Given the housing shortage, rents are increasing at a rate higher than inflation (Zillow Housing Data).

Arizona having severe water shortages or something, might be peace of mind having out of state properties.   

I was just in  KC area this last week checking on my JV partners and we walked home after home that all in would be 150 to 225k and same house on the coasts of course triple to 10 X the price there is no shortage of affordable housing in America like what is talked about..

https://www.azcentral.com/story/news/local/scottsdale/2023/0...AI Summary Here for those who don't want to read the article: Local governments in Arizona are advocating for increased regulation of the short-term rental industry through proposed legislative changes to address concerns about housing shortages and community impacts.

Oil prices are up nearly 35% on the year and with the recent production cuts there is the potential for a 3M barrel per day shortage beginning Q4 2023 and for oil to reach $150 per barrel. 

Getting them to accept a short sale, perhaps with payment of some of the shortage by you would be the best you can probably ask.Have you spoken to them about a loan mod?