Hey Dane, your depreciable basis in the property is the lower of your cost, including improvements, and fair market value on the date of conversion to rental use.

There is 820k left on the loan at 2.25%, it has been sitting on the market for about 100 days, and they are asking just over 1.15 mil.

How is private money lending currently influencing the real estate market?

Some areas will not cash flow simply because of how the market is.

Or, better said, FAIR market rents.

If the market changes or costs go up, etc., your flexibility is limited and interest keeps ticking. 

., I'm in a market with older houses and I don't think the age of the house has much to do with the maintenance cost.

I am an investor and an agent in the area and I'd be happy to connect and chat about the market.

There are good wholesalers in PA, I agree with that, but overall, in any market, 99 percent of the wholesalers are bloodsuckers who don't care about the sellers, don't know rehab costs, and overinflate ARV on purpose.

Maybe money is tight, maybe it is the summer and people are feeling more inspired to make the recurring Home Depot runs, or maybe people are taking more initiative to round their skills on Youtube University.