this is a direct relation to lack of inventory.. new construction on many markets is as robust as its ever been.. we have had spectacular years the last 3 years of course during covid was tough with supply chains but my 500k house I am now selling for 700k and my build cost have gone up by maybe 100k.. so record profits for us.. 

The vast majority go it the outsourced route; Property Management. 

Lender's like to see that you are profiting at least 20-25% above the debt, e.g .a debt service coverage ratio of 1.2 - 1.25.

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.

I would keep it in a high interest bank account might as well earn as much gain as you can no matter how small it is.However I think some debt pay down would be great not to the point where you are not liquid enough to Jump at another opportunity or can’t make a major repair when it arise.

Paying off rental mortgages increases monthly cash flow but reduces liquidity, while investing in hard money lending offers high returns but is taxed as ordinary income.Buying a multi-unit rental provides tax benefits like depreciation, while purchasing a business can yield strong profits but requires active management.

So, you invested $10K, and now you've collected $116,161.92, a "profit" of $106,161.92!

FOCUS ON SELLERS, NOT BUYERSWe have a term in the real estate industry "Listers Last" Simply put this means that real estate agents should focus the majority of their attention marketing to sellers, not buyers.

It would actually be a net PROFIT given the huge increase to tax revenues. 

This is because I'm concerned that even though the things in the house I can see look great things like the electrical, plumbing, or the foundation may need major repair if not immediately relatively soon.