Let’s call it what it is, a damn dart board.IMO, it’s important to recognize that despite the high costs of real estate / interest rates, and depressed demand as a result, this does NOT seem to be the 2007 housing crisis all over again.

. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

I have worked with Darlene off and on for 20 years, so she has seen the highs and lows.

In March 2024, 1,197 closed sales paint a picture of urbanity intertwined with coastal allure.

In March 2024, 1,100 closed sales painted a picture of urbanity entwined with coastal charm.

Hunter,Property prices are pretty high but there are plenty of deals to be found.

Personally I can’t believe she found you a “high end” property that would let you sublease.

Your risk profile on this would be super high with no upside.

I recently installed a high efficiency hot water heater and furnace in a single family home in Western PA, I called the building inspector to ask what permits I needed, and he could care less about permitting for it. 

Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty.