The owner has a price in his head that's a year old.

We use 10% of the loan as a rule of thumb.Even though we can usually fund almost 100% of a flip, there are still many unforeseen issues that will arise.We just don’t want a borrower to get in over their heads. 

If you want to see which way DSCR rates are heading, track the 3-year, 5-year, and 10-year treasury yields. 

The time we connected a troubled investor who was in over her head with another client allowing both to WIN. 9.

Michael Plaks hit the nail on the head with his response.

And head of biggerpockets real estate investing?  

I've purchased 3 furnished STRs, and the math definitely would have been different having to furnish them from head to toe. 

But your own psychology and mindset does matter, and investing in real estate, while not making us wealthy, did give us this back-up plan where we knew we'd always have a roof over our heads and enough of a financial buffer we could figure something else out.

Just a heads-up—bonus depreciation can be claimed up to 60% for 2024, and it will drop down to 40% in 2025, so that’s something to keep in mind as you evaluate your options.I’m not endorsing any particular company, and I don’t receive referral fees for recommending the one I used.

And get a detailed report on their letter-head.