Also, 2023 was a down year for rentals everywhere. and 2022 was a high year for rental income.

I highly recommend reading their books, joining their FB groups, and continue perusing the forums.I am a Minnesota investor and agent.

high deserts of CA AZ NM Texas that kind of thing.

@Joey Keske, I highly recommend reaching out to @Josh Green.

If you are using a hard money lender, are you accounting for the high hard money interest rates for those months?

Basic economics, increase demand without similar increase in supply will raise prices.There is a growing strong latent demand, people are delaying household formation or doubling up with other families right now.If rates stay the same, the growing latent demand will begin to force its way into the market as people capitulate and decide they simply have to have a place of their own.In areas with consistent population increases and current housing shortages, stable rates will lead to strong appreciation of existing housing values and increased median home prices.

., Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Others have posted that their underwriting criteria is so strict and fees so high that its very tough to get a loan that will work and these folks just give up and end up with 3k worth of educational material and NO 100% loan.the reality is right now its never been easier to get a HML  80 to 90% financing and 100% of renovations..

It also had areas of high crime and it has bad rental politics.

Personally we don't do anything more than 50% leverage and right now we are right around 20% leveraged on our entire $4mm portfolio.i don't understand how people do all these 0,10-20% leverage deals and max out with little to no cash flow but have "100 doors" we have 20 doors but they are all high quality homes.Was an intensive grind and a lot of cash but I wouldn't trade our journey for anything -14 years later were at 20% leverage on our portfolio and dropping rapidly every month