If true this could take a significant bite out of STR income streams.I'm wondering if any locals have heard this or know more?

In the June 2024 update, I said “All indications are that it will get worse before it will get better”, and this has proven to be true.

Hi, I'm Gerardo (G), a licensed real estate professional passionate about investing and property development.

For the first part of your question even if you were working with a realtor, I don't personally know many that have a true pulse on rehab costs and I wouldn't make any investment decisions based on their rehab cost projections.My suggestion would be to study how to evaluate the Big 6 rehab costs: roof, siding, windows, HVAC, electrical, and plumbing. 

It’s great to see your passion and focus as you start your real estate journey.

I have been wholesaling and flipping but ready to create true wealth for myself.  

If you look at true ROI (especially without any Govt tax help) It is an even bigger NO.

That is true for maybe 1 percent or less of the wholesalers who try it.When you are new and you ask for a wholesale mentor online, you are going to get every pitch, course, guru sell that there is.

True, I guess rushing too much isn't necessary.

If this is true, I believe they will not appreciate with the SFR market at large, but rather appreciation will be limited by the ability to increase rent.