And the ONLY people being foreclosed on have to have purchased very recently and have zero equity.

I am looking into purchasing a STR in a different state and was wondering if you would be willing to give me some tips you learned along the way?  

Purchase price: $137,500 ($44,000 in to the property... loan at $101,000)Appraisal: $180,000   ARV: $195,000Est rehab cost: $7,500Scenario #1: 75% LTV cash out refi at 4.25%...

You can include moving and storage costs in the charges.

Purchase price: $12,000 Sale price: $18,000 Double wide on 2 lots by the lakes that needed completely gutted and rehabbed.

I purchased a property in the 77003 zip code which is 1.5 miles from downtown.

There's a standard syndication that goes out to sites like Zillow, Redfin etc that is included when it is listed in the MLS; hence why people can find properties from across the country. 

Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.