YouTuber Travis Spencer recently published this video: Housing Crash definitionIn this video, Travis starts off by defining a Housing Crash.Travis defines a housing crash as a 15 percent loss in value since its peak during the same year.OvervaluationTravis attributes employment, and institutional real estate investing as the main drivers for Austin's real estate market overvaluation.

Every inch of this property has been lovingly and thoughtfully restored to deliver an experience of upscale casual elegance.https://www.entrustpropco.com/ What made you interested in investing in this type of deal?

Purchase price: $69,000 Cash invested: $100,000 *Upscale contemporary decor*Fully equipped kitchen *Beach access just 4 minutes away (Headlands Beach State Park)*Peaceful and semi-secluded location*Private outdoor space Our Headlands Beach Cottage Renovated from the Ground Up- Every inch of this property has been lovingly and thoughtfully restored to deliver an experience of upscale casual elegance.https://www.entrustpropco.com/ What made you interested in investing in this type of deal?

Jerome Powell, chair of the Federal Reserve Board, delivered speeches in December of last year, March, June, August, and September of this year, and with each speech, the tone increasingly became more vigilant.

Many investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

@Aastha Shrestha Keep pushing the seller to deliver vacant.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

It hasn't burnt down yet and I'm about to receive my second rent check which is just over 2x the P&I on the whole place... for me, that's a success.Upsides to the deal: Healthy cash return (~15%) based on BP calculator and conservative assumptions, and the actual numbers are delivering well so far. 

Also a taxi ride is like $15, so if I get a bad driver who cares?

Those "boys with toys" don't like having their suspensions whacked.Post / deliver a notice to all tenants that if speeding does not stop, you WILL take corrective action, re Bumps.