So the people who just bought expensive properties panicked and lowered their prices and they are competing with people that have owned their properties for years and have higher profit margins.

It is my understanding the law still allows rental caps at 25% or greater (cap cannot be lower).

You don't have a ton of cash, which can be risky on some level.

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.  

For people at that level, they are a very attractive investment. 

@Bruce Lynngood post and great perspective. i think people underestimate the level of distress they need to engage with to truly BRRRR.to your point - if you can a 250K house, put 50K in, and end up with a 350K house - that's GREAT. 

That doesn't mean real estate isn't a good investment for those people it's just that water always finds its level. 

For your first venture I would recommend a random orbital sander (not a drum) and use all the levels of grit, don’t skip grits.  

Other lower barrier markets like Grand Rapids, Cheyenne, Rochester, maybe some other midwest markets. 

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