This rise in rates is partly aimed at controlling inflation but has also made borrowing more expensive, reducing purchasing power.Consequently, money is effectively worth less due to inflation, meaning more is needed to purchase the same goods and services as before.

I have over $1 million invested in real estate with a portfolio worth over $6 million.  

Once you find one good contractor they typically know other "rock stars" in other trades (electric, plumbing, etc...) that you will also need.

Here are the key considerations:Pros:Potential for Profit - Through the value add component you can increase profitability on your return, typically you're buying distressed homes with built in equity, rehabbing and increasing your equitable position furthermore. 

As they say, your network will be your net-worth.7.

Outside of comps, How do you know the land is worth the tear down?

If long-term appreciation is a part of your investment strategy then Columbus would be worth considering!

My mortgage will be still around $1800 but will allow me to control an asset worth 630k. 

The extra hassle wouldn't be worth it to me unless I was able to net on average $1,500 a month. 

Rent Finder utilizes AI more but both are worth taking a look.