Let’s call it what it is, a damn dart board.IMO, it’s important to recognize that despite the high costs of real estate / interest rates, and depressed demand as a result, this does NOT seem to be the 2007 housing crisis all over again.

. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

I have worked with Darlene off and on for 20 years, so she has seen the highs and lows.

Hunter,Property prices are pretty high but there are plenty of deals to be found.

Personally I can’t believe she found you a “high end” property that would let you sublease.

Your risk profile on this would be super high with no upside.

Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

My credit score is good high side. 

Hello,I live in a pretty hot market, with very low vacancy rates and high property demand. 

You said highly leveraged but how leveraged is that?