However, FL is crashing and going to get worse I would ONLY do a deal in FL where I was all in 60% of current values.

Interesting as there were a couple of posts a year ago after the widely distributed article in the media essentially calling it a STR crash.

.- Just ask any investor doing deals prior to 2008 Real Estate Crash!

I was able to get a HELOC on the first one for 90K because it was a condo in Florida and doubled in value (has since crashed). 

Just the last 20 have been so abnormally low we have gotten used to that normal.Folks also forget what started us on the ultra low rate cycle for  the world economy to crash in 2008. 

Now they probably oversold after Covid, and are asking people to pony up more because prices are crashing on them on the back end and materials are stagnating in price.

I can give you a crash course on the good, the bad and the ugly of Binghamton.Binghamton is something of a unicorn market at the moment; it's a rust belt city with a history of low incomes and low property values.

One of the constants that I still see from when I first started on BP in early 2016 is the willingness of experienced ( some on this very thread ) folks in different aspects of real estate to try and help newbies and others with advice and perspective.I think it really is a testament to the fact that even though the investing environment has undergone many changes over those years the willingness to continue to help others has not changed.It helped me tremendously when I had to crash course on small MF ownership and I am grateful to all who helped with posts that they didn't even know that I had read and learned from.And yes the search function remains fairly useless and unchanged in that regard since then to the detriment of us all.

What happens in a market "crash" when people are loosing there homes?

.#8 I would consider your inspection cost a very cheap crash course in buying long distance investment properties.