Without conventional financing, the property should beat significant discount. 2) at those rent points, the maintenance and cap ex will consume a huge percentage of the rents. 3) I think it is unlikely that a rookie can finish a gutted unit for $15k, excluding if they do the work themselves.  4) the price point makes clear this is zero appreciation market (I.e. appreciation does not historically exceed inflation).  

It's $400 more than a comparable granite countertops; sure inflation, supply chain, bla bla, we're not buying it. 

As the economy capitulates and inflation continues to erode the power of the dollar, Wallstreet will become more bearish on "high risk" loans. 

You may also discover the short-term rental market slows next year due to inflation, high gas prices, and whatever else is headed our way.It's a calculated risk, but the numbers are changing and the risk is increasing.

10% down 30 year fixed - personal and business circumstances allowed me to buy / hold and realize home price inflation with limited repair and monthly expenses - insurance costs were low due to full hurricane protection, new roof, etc.

That’s a far cry from the 11.36% rate in 2010Side of history - Big crashes only happen every 60-90 years – equity charts in US, Britain and even Rome prove this outGet out of the fear mindset and start looking for opportunities NOWShortage of rentals, still a need for housing - not over built and empty houses like in 2008Rental demand being pushed by inflation – more wage hikes push rent prices making great returns possible STILL.

Inflation had become enemy number one, and they were going to do everything in their power to tamp down out-of-control inflation.

We still have inflation to deal with, which could increase the cost of materials and renovations.

At the time I was up against multiple offers, but because of some issues with the house having a lien against it, (which we didn’t find out until it was closing time) my agent was able to negotiate a price reduction.There’s plenty of room for interest rate inflation, and the property didn’t need any renovating/fixes.

Purchase price: $70,000 Cash invested: $360 Purchase price $70,000Mortgage, Taxes, Insurance, PM ~$800Expected Rent $1,500🤑Cash Flow ~$700At the time I was up against multiple offers, but because of some issues with the house having a lien against it, (which we didn’t find out until it was closing time) my agent was able to negotiate a price reduction.There’s plenty of room for interest rate inflation, and the property didn’t need any renovating/fixes.