Anecdotally, one investor in our network has had to cut price multiple times on two of their currently listed flips in Tampa given the amount of properties on the market.

You can couple that news with the news out of China today that they have decided to cut their interest rate, lower Bank Reserves, (banks can lend more money) and make it easier for people to buy houses and they are also actively pumping money into their stock market which is to say we were going to have the massive inflation going forward.

The tenants lease also ends in December, the court date seems to be cutting it close.

That property had his tenant shot and killed on the property, and copper cut out multiple times every turnover.  

We're just a small company and I figured I would take a short cut by asking. 

(note not all the ones below are in default)422 S Oklahoma Ave, Elk City, OK 73644 | MLS #1095264 | Zillow15154 Appleton Blvd, Port Charlotte, FL 33981 | MLS #TB8300903 | Zillow  I looked up the one in Elk City, they bought it for $5,000, then listed it for $200,000 and now after 8 months of price cuts $110,000.

I know that it's not nearly as clear cut as that but that was my general plan.

Okay, Rand Paul has spoken up, but the rest are just part of the "happy machine" to keep spending our money (while keeping a very large cut, kinda like a mafia loan shark) to give to ourselves to "make us happy".

I would just be cautious about taking on such a high cost basis this late in the cycle because when we see the next buyer’s market it will probably cut into your equity.

Even if you have a "perfect" house, it will not rent if not priced correctly, OR you will be overrented (yes that is a thing) meaning you are leaving money on the table.Marketing is also big - Again depending on the area you want to be on as many relevant channels as possible - Airbnb, VRBO, Booking.com, Zillow, Furnished Finder etc and have a direct booking strategy for repeat guests to cut out the middle men.Best of luck!