Hey Katie, Yes It's a good market for fix and flip, back than in 2019-2021, it was also a good market for Brrrr, but I think nowadays it's hard to make a perfect Brrrr and to cash out all or most of the money back, but yes let's hear what people have to say :)

No place is perfect.

- for an underground oil tank that was already removed but that was just never closed with the contractor or seller?

I always add that if people are truly factoring in all the ways real estate makes you money, then there are some markets that make perfect sense as an investment even if you pay retail.   

A perfect example of this is Detroit, where a friend of mine purchased 100 SFR in 2011 for $300k, or $3,000 per house.

It’s often the best way to find the perfect off-market property.

I have a newly remodeled 5 bed 3 bath house perfect for a family, yet I'm unable to receive any offers.

I have a home in escrow right now and it’s perfect for sober living because of the area and how the house is set up.

(Dr Steven Hanke/John Greenwood - Johns Hopkins Economics Dept)3) Inverted Yield Curve now for >2 years, high correlation with Recession, not perfect, (Campbell Harvey 1986)4) Our Real GDP was measured in last year's 3rd quarter at 4.6%, then in 4th quarter at 3.6%, then this year's 1st Quarter at 1.3%, and current St.Louis Fed NowCast has it running at 0.76%, so definitely slowing down fast.average time between recessions in last century has been about 8-10 years (Business Cycle), our last recession was 2008-2009 the Great Recession, but we printed Trillions in last few years so we likely have pushed out the Recession like a dose of Heroine to an addict, we may just be pushing out the inevitable withdrawalIf we do have a Recession, it will definitely affect residential and commercial Real Estate but not equally and not at the same time.

In real estate we say "everyone wants the perfect house, at the perfect location, at the perfect price, but you don't get all three, so pick the two that are most important to you," and this is an example of that.