Your elected officials have created a very dangerous minefield for you the landlord.

Since they can be wiped out by the first, second position loans are very dangerous and not for anyone who doesn’t know what they are doing – typically a professional.

I'd rather buy a few good properties in solid areas than lots of cheap places where I won't have great tenants and will have higher turnover, more problems and higher costs.This^^^ .....I would much rather have fewer units (doors) that had a better cash flow.

By definition, 42A-4(3) defines a Vacation Rental as "The rental of residential property for vacation, leisure, or recreation purposes for fewer than 90 days by a person who has a place of permanent residence to which he or she intends to return."

One - many more people chasing the same number, or fewer potential deals.  

It's really dangerous to 'estimate' rehab costs when you are buying a property. 

I realize now that having 250k cash isn't as useful as I thought, and using all of it on my first buy seems way too dangerous.

I need help with my subject property, the comps that I'm getting are single-family houses separated from the other houses with fewer bedrooms and square feet but my subject property is attached to the other houses with more bedrooms and more square feet.

It is still a seller's market, however with rising interest rates there are fewer buyers in the market and we are seeing a shift back towards normalcy.

Hey folks,I'm interested to hear the BP community's thoughts on whether we could be on the brink of a wage / price spiral in the U.S.A wage / price spiral occurs when wages increase (which is occurring), and those increased wages cause the prices of goods and services to increase (inflation, which is also occurring), and that increased inflation causes wages to increase more, and the cycle continues on and on until you're paying $100 for a loaf of bread.A bit more specifically, the theory is: increases in wages creates more discretionary money that people use to buy more goods and services (demand goes up), and this increased demand causes prices to go up (inflation increases), that increased inflation increases demand for higher wages (workers will only work jobs that pay enough to afford the costs of the inflated goods and services), and those higher wages increase the cost of production of goods and services, which increases the price of those goods and services (more inflation).I've seen a variety of opinions on this topic...Some people think we're already in a wage / price spiral, or that we're on the brink of one (for instance, see this Marketplace article: https://www.marketplace.org/20... )   ...others seem to take the perspective that a wage / price spiral is a "dangerous myth" (for instance, see this article from the libertarian-leaning Cato Institute: https://www.cato.org/commentar... )What we do know: the two main ingredients for a wage / price spiral (increasing wages and increasing inflation) are present.