I see way too many people thinking there's an outsized demand for luxury rentals when in my experience, it's a niche market and eats the unprepared alive just as much as the opposite niche, DIY landlording with low-cost rentals in borderline urban locations, which is what I do.

Seems that things have slowed down, but some areas are still popping with low DOM for properties and demand still strong.

Core principals have not changed - Buy low, sell high. 

I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $100k reallocated in form of balloon payment at end of loan term)no 2ndarrears $30kIn process of going through bankruptcy, however, want to complete a lease with option to buy. 

You can see this information when you ask for the Repair and Reserves Analysis report from the HOA.Stick with Low-rise type of condos, the fees tend to be lower.

I read in the past where newbies have provided really low repair cost and when the actual buyer sees the home, the amount doesn't match.

Should I offer a rent reduction or something for my tenants for having to deal with no hot water for days?

Are there any asset based lenders for cash out refinances on primary homes for people with multiple properties but not high w2 income?

I'm seeing rates in the high 4s to low 5s now on a 15-20 year am.

Needless to say, all the traffic, low as it was, was from this small town area.