With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

You can also find many examples in the forums of people experiencing poor valuations due to lack of comps.

I'm sure it's more due to the market conditions.

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH? 

VRBO shut down two of our properties in JT and Yucca Valley, CA due to accusations of price gouging after the LA fires. 

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

The loan will be interest only for about 12 months (up to 18-24, but 12 is common) with a balloon due at the end.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊