I'm actually surprised it hasn't affected tourism more yet but that's probably because it's cheap and so it attracts price conscious tourists, especially in a period of high inflation.

So many forget that an old, dated house isn't enough for the STR market of today!

@Michael DeAngelis  I actually did not move ahead with taking others funds. 

That's actually being held by the Stockton REI Network .

They will help you at some future date, though. 

The other things I pointed out also came to fruition: natural appreciation is not occurring like it was a year ago, inflation DID impact their expenses too (obviously), and the economic occupancy actual and future projections are aligned with the historics, thus not even close to their projections.

I have a property with an easement held by the Southern California Telephone Company dated 1943.  

However, a good realtor should help make sure you don't buy something using unrealistic numbers.An agent that I spoke with actually informed me of the information regarding the 7% rule.

The sell price was:$246,500Down payment was:$40,000Mortgage is 15 years @. 7.5% still owe about $150k and considering a refi with actual bank in a couple monthsThese houses need work:1st house-$100k value is a 1/1 doesn’t need much rehab at all.

They are responding to facebook linkdin and bP PMs where the adds are simply to good to be true  so they get sucked into thinking there are actually loans at 5% for hml  or that NO down payment is necessary or that NO credit is necessary etc etc.. while it could happen for very experienced repeat borrowers  everything but the interest rate that is.