I bought a property last week with a new partner.

The “hype” hasn't even started yet (Kobeissi).Today’s Interest Rate: 7.16%(☝️ .02% from this time last week, 30-yr mortgage)Mortgage Rate UpdateMortgage rates are slightly higher again this week, to 7.16%.

The overbidding saved a ton of investors over the last few years, but now those same guys are having difficulty or have been caught holding onto property from the big wholesalers. 

I had a similar-sized bathroom done last year and I paid around $400 for the tub and $800 for the tile.

but for me that is a last resort action.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Last thing I want is an audit.

It is always the last Thursday of the month.

This is an example of a non-appreciating "asset". https://www.zillow.com/homedetails/785-Dallas-St-Memphis-TN-...Sold in '01 for ~$10kSold in '02 for ~$55k (That's awesome appreciation or an unsuspecting buyer geting ripped)Sold in '04 for ~$61k (I would suspect foreclosure sale here as it quickly sold again for substantially less)Sold in '04 for ~$21k (This is probably it's actual value and someone in '02 got ripped off)Sold in '23 for ~$26k for an appreciation of ~24% over ~twenty years that's roughly 1.2%/yearThis is a random house on Zillow: https://www.zillow.com/homedetails/766-Neptune-St-Memphis-TN...Sold for ~$98k last May and sold again last week for ~$40k.

Your last line is a great point.