However, my under writing due to the recent rate hikes shows large cash negative after a high LTV refi to extract the equity so I am not currently actively pursuing BRRRRS and I find this is true for many of the local investors that were doing brrrrs a few years ago.  

As you can imagine, the area was rough, and the property was sold to me "as is" with plenty of troubles to explore once the rehab began.

If you would really like to explore the sector : why not go and message 10 to 20 operators and offer to look after their property or clean their property for a month in exchange for their knowledge and details on the numbers.

Unlike cash buyers or those with extensive experience in the market, many younger buyers are still navigating the mortgage process while actively house hunting.

Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.

Meanwhile, explore options with other STR PMs. 

Next Steps: Find lenders, network for private money, explore seller financing, and set up gap funding.

Some investors received a note this week saying he filed for Chapter 7 bankruptcy.He also has a new eviction on his record after refusing to leave a property he was renting.Even after multiple formal complaints to the RE board about his fraudulent activity, he somehow still has his license and active home listings.Posting this update so hopefully anyone looking to work with him, now or in the future, can see the type of person he is.

Changing Preferences for People’s Desire to Live in the Metro AreaThis is likely due to the newfound appreciation for these types of community and experiential activities from the inability to access them during the Pandemic, as well as the lack of need to be near transactional retail stores with consumers now being accustomed to doing a lot of their shopping online.

I would be prepared to file for eviction etc. if they are 1 day late on payment, but would not actively be working to get them out if there is not a blatant current violation of the lease agreement.