I'm more into HI STR or long term flips/BRRRR for higher-end homes these days.CF would always problematic since 2018, if you focus on CF only you may not get the best reward/risk in this economy environment. 200 dollar is too low for me when I could make 200-300k.So when Fed pivots, there's this "transient times" when price drops, especially for the tired seller, it's ample opportunity to fix and wait a few years before the rate goes back to normal.

We bought land in 1985 for our office building because we were tired of paying high rent.

They were on their feet 9 hours and are going to be tired, and maybe did sweat just a little just because they were moving all day.

You might get a little tired of this in a few years, but that's fine.

I'm in a market slightly bigger (25k population) and share very similar pros and cons.Pros:Steady deal flowLots of tired landlordsBecome well known easily and easier to become the "go-to" guy.Less competitionSteady rentsCons:Limited number of contractorsLimited number of large 30+ unit dealsNo property appreciationSlower flipping speedsSlower closing speeds due to lawyers constantly being bogged downAll in all I'm very happy here, and will continue to grow my portfolio here. 

My government student loans have been sold at least three times and it gets pretty tiring to have to readjust to new companies. 

The lienholder gets tired of waiting for his money and files a foreclosure.

First are the tire kickers - they will take an application and never fill it out; you might see or hear from them later even, but they don't ever get to the point of completing the paperwork.Next are the unqualified.

After 6 years of buying 50 year old SFH's and fixing them up and renting them I realized that I was tired of repairing old crappy houses that were poorly built in the first place.

They are tired of overpaying and/or chasing deals in a hot sellers market in the 45 and 180 day 1031 sprint.Dave Foster is correct here the 1031 is strict with the 180 timing.