Their clear incentive is to bet on falling interest rates between now and debt maturity.A small handful of owners are forced to sell due to a looming balloon payment that a refi won't cover, but you're not going to find one of those by driving the market when any commercial broker can just look up properties on that basis and start making calls. 

The City of Detroit is block-by-block in many Class B & C areas.In our opinion, zip codes cover too large an area.We use Detroit Neighborhoods, which are much smaller than zip codes.

What's going on?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

My friend and her husband disagreed and let the buyers know and that it was still covered by warranty.

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

The Packwood, WA market may be officially saturated on STR's. 

Now the deposit covers up front costs , some materials , overhead and PROFIT .

If so, that should be covered.

Lesson learned to never trust anyone on social media.