Purchase price: $25,000 Cash invested: $33,000 Bought a fantastic house in a fantastic area of Lansing.

@Stephanie Reinagel this is 100% market dependent but in true vacation areas I think the majority of owners had fantastic years due to the amount of people being forced to travel domestically.

Purchase price: $93,000 Cash invested: $25,000 Fantastic BRRRR!

It’s possible to make some fantastic returns, just have your processes dialed in.

That is fantastic!

The beaches and the weather are fantastic. 

This is a fantastic leverage opportunity to get a price reduction or owner carry, as the alternative is admitting to the IRS that they lied.

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I used a calculator I created, but the BiggerPockets calculator works fantastic.

The rate is slightly higher but right now is still a fantastic time to do it.