Also mobile homes decrease in value.

We have a vacant lot in FL (Citrus Springs) and have been paying property tax for years, while the value of the land has decreased over the years. 

So mainly, the pain of never trying has got to become worse than the pain of failing.It is hard to increase the former but we can decrease the latter by education, calculated risks, talking with other investors (you’re doing well with that!)

Do you find that your occupancy has dramatically decreased or you've had to lower your average nightly rate during Covid?

Please, Texas take all the Californians you want, maybe property prices will decrease a bit for us. 

Ultimately, the government will be financing these moves, purchasing power will decrease, and getting a mortgage will get difficult again. 

I like the idea of house hacking because it has the potential to decrease my living expenses while learning the fundamentals of this type of investing.

Of course they’ll be up over time, but this increase has been so rapid, I assume in another 2-3 years the Covid effect will go away and they’ll decrease to a “normal rate”. 

You can't take the owners current rents and expenses and throw on a brand new mortgage and higher down payment than they had when they bought it 20 yrs ago and expect it to cashflow without increasing revenue and/or decreasing expenses.

Recently refinanced the mortgage decrease my payment by $600/month!