Many of these investors or owners life circumstances have changed and if not for the incentive of low rates might have already sold. 

If you still want to do that, options I offer, 1) if you want to sell the home FSBO, I can put it in the MLS for a low few, 2) Realtor Walk-Away Full-Service Option.

Your return on equity is very low based on those numbers provided so yes, some action needs to take place whether it be adding square footage, new construction, or 1031ing.

Quote from @Brian Adams: @George Munoz if you are wholesaling or flipping homes, you should definitely join Collective Genius (CG).CG is solid, message me for a contact person if you are interested.I buy large apartment buildings and when I was a member of CG, there was a small group who played in the multi, storage and syndication space so it wasn't a fit for me long term.Last deal I bought was a 1,000 unit apartment complex.Would u say CG helped u get to that next level? 

But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

The low cost of houses and high paying rates are making me attracted to the idea..

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.

He’s lost several Olympic level events because of it. 

The metro area population of Montgomery in 2022 was 367,000, a 1.94% increase from 2021.In a number crunch of 300 cities using 10 metrics ranging from home prices to tax rates to vacancy levels, WalletHub determined that Montgomery, Alabama, was the nation’s most affordable city for homebuyers.

Many are shocked when they go to sell and realize they have a much larger gain they have to pay tax on than they thought because their basis in the property is so low due to deprecation.