Even with relatively high rates, deals are still moving quickly here. 

Nice, any pictures to share?

Im in NJ, but not sure it's the right market for me due to very high taxes and cost of houses. 

Seems like short term would likely generate more revenue but not really sure about profit when you consider vacancy and property management fees of ~30% (I would consider remote management but I would think cleaning fees would still be ~$400/mo. which is high).

Bad for agents who make a killing selling high end homes.

Which shows you the downside of today’s high rates.

The reason I stopped building new spec houses is because the market and the high interest rates.

The majority of my properties are in Gatlinburg/Pigeon Forge, TN and it's fantastic for high occupancy and cash flow.  

I know that 3% rate is great but look at the bigger picture.

The problem I find is I don't like putting in that much time doing research and field inspections (300-400 properties per week are auctioned) for such low odds that the property will sell at a price I need it to.....either the plaintiff will have a really high max bid set (like the full judgement amount) or another 3rd party bidder will bid it up more than it's worth.