There are very few lenders willing to do below $100k, the ones that do it offer a slight higher interest rate.

Here's a quick snapshot from the COVID outbreak of early 2020 to February 2024:Key TrendsCondo prices: 📈 65% since March 2020Single-family homes: 📈 75% since March 2020Rapid appreciation mostly in 2020, stable/slight gains sinceMarket resilience despite rising rates and insurance costsAI stock market-fueled wealth could drive more home purchasesMy Prediction:Prime single-family homes: Prices remain stable or increaseCondos: Flat unless truly distinctiveThe Big Question: Are YOU ready to buy or sell?

@Jonathan Jones I know of two subject to deals in middle TN at a 4-5% rate. 25-35K entry fee.

We have a portfolio of market rate and affordable properties in MN, expanding into IA as well, I'll shoot you a message, love to connect.  

I see owners want summer rates in winter.

Attaching a premium to a month to month contract will either motivate them to sign the original or the m2m at new rate goes into effect.

So we have a networth so far of:104k - 15k = 89kBut, we depreciated the property for 2 years at 3.7k/yr total 7.4K taxable amount  which we would owe about 1.8k at 25% tax rate (I might be off a bit here and there)Final total net worth from what we thought it was 120k now is 87.1k which is a big difference!

Most insurers viewed it as a nursing home quoting rates of $10k annually for a home valued at $129k.  

I understand paying a fair rate for services but I expect things to be transparent and timely. 

Investigate rental revenue prospects, market trends, vacancy rates, and regulatory issues in possible investment locations second.