*************************************************************************************Has The Housing Bubble Peaked: Zillow Pauses Robo-Flipping Due To "Snags"In recent weeks we had heard several anecdotal reports that Zillow's electronic house flipping service was underperforming, buying houses at overinflated prices and then flipping them for a loss (even when factoring in fees and commissions).It appears there has been some truth to that, because according to Bloomberg, Zillow, which acquired more than 3,800 homes in the second quarter, "will stop pursuing new home purchases as it works through a backlog of properties already in its pipeline."

-BloombergIn September, Zillow put a record number of homes on the market - with the lowest markups since November 2018 according to research firm YipitData, which also noted that the company had cut prices on almost half of its US listings in the 3rd quarter.In the second quarter, Zillow bought over 3,800 houses towards their stated goal of acquiring 5,000 homes per month by 2024.In Phoenix, 36.5% of properties currently for sale were listed below their purchase price, while the remainder of the 93% started higher, only to have price reductions.

During the COVID I knew things were taking a toll on her because I noted odd things broken in the house when performing my quarterly inspections, such as, broken medicine cabinet mirrors, master bedroom door cracked on the side, and a cracked vanity sink.

Most quarters in recent years the quarterly rent increase is less than the CPI (source Zumper). 

Redfin data shows investors purchased 48.6% fewer homes in the first quarter compared with the same period last year.

The property manager should be doing at least quarterly inspections, which should have caught the issue early.

If you wanted to you could potentially put a bit more than 20% as a down payment but I wouldn’t go crazy because it sounds like you could let the second property stabilize and then buy a third and get it going and then do a fourth if you wanted to.

A quarter of these office loan has capacity to bankrupt small and medium bank based on latest academical study.

Changed the lease so that anything over $200/quarter (average for my single families) they had to pay for - Hasn't gone over $200/Q in 18 months;-)

Account ClosedIf you are referring to this one....https://www.cnbc.com/2022/07/1...Same article says...Lennar, one of the nation’s largest homebuilders, said in its most recent quarterly earnings report that its cancelation rate did increase sequentially to 11.8% but was below its long-term historical average.There is definitely market cooling and that is expected with double the interest rate in 6 month... actual definition of cooling so far is...Again so far...good to keep close eye on market...