He is a broker and can check with multiple carriers.Insurance rates have gone up because there have been so many large claims (hail in Minnesota being the biggest culprit.)  

@Jeremy, I use to use bham land bank, now I just ride around in areas where I know there are a lot of abandoned houses.

I’d put the money to pay it off in a money market account and make 5%+Unless you need to pay it off for your DTI, I’d let it ride until the end. :)

For the wholesaler, you get around other real estate professionals, pay them to do ride alongs, study and attend classes (I’m treading cautiously with that “classes” comment), network with agents to learn that side and see how you can all mesh together in the process.

That way you'd also potentially ride out high interest rates too. 

What cash flowed last year might not this year.Her client isn't Blackstone who can ride out the downturn.

Enjoy the ride but diversify. 

The home sustained some hail damage in the past, so spending more on something with more long term strength is a plus. 

One play to consider is to buy early stage pre-construction developments that won’t be complete for 2-3 years (or more like 4-6 in many economies, despite what you’re told by the brokers), giving you plenty of time to ride out COVID without carrying the full cost of vacancy.

The cops have been called 4-5 times in the last 6 weeks, but unfortunately nothing has come out of that except for a few reports of "disturbances".I know MA very tenant-friendly so it seems my only option is to ride out the existing lease and be sure to over communicate my non-renewal of the lease.