Fed raises rates typically results in increased mortgage rates.I think we are in for a bumpy ride.

Is the juice worth the squeeze? 

If they are able to afford that 7% mortgage for 1-2 years, they can then refinance having bought an asset for under what it will be worth in a “normal” market.

But even with that, I can typically get land sold in under a year.

@Tracy Scott it's highly dependent on the deal, the type of property and the location.In addition to the items others have mentioned, here are some of the biggest potential start-up expenses that I study closely before buying a property:Foundation/structure--this is one of my few "deal breakers", I typically will not purchase a property with significant foundation or structural issues.

You can certainly find a a builder grade vanity for cheaper than $500 at Home Depot, but you can also spend $2k+ on vanity if you are buying a ultra luxury/custom vanity.Our $500 "allowance" for the vanity is meant to be a starting point of what we think is reasonable for an average grade vanity on a typical mid-grade house flip. 

Hey Christian, I definitely think it would be worth your time to look into Lakeland Florida.

I mainly manage but I haven’t done STR arbitrage yet and I’m wondering if it’s really worth it. 

What is your time worth? 

That said, more inventory finally coming to market will likely translate to more options for buyers and fewer bidding wars, which typically keeps outsized price growth in check.