This is really about what is your appetite for risk?

I purchased for around$115,000, and has been a great rental, but value has nearly doubled ($220,000) and I have continued to reinvest all excess  proceeds back into principle payment, on a 15 year fixed, so I currently have a lot of equity in the property.  

Surplus funds (excess foreclosure proceeds) law vary wildly by State. 

They *might* be telling me the absolute truth, but I tend to interpret excess passion as 1 part truth and 5 parts hype.

So I think there's appetite.

It seems excessive to me.

Extra refrigerators/mini fridges, high powered gaming computers, excessive cooking, all can run usage up.

I wouldn’t be surprised if some cities started doing 10 year exemptions.As far as interest costs and the cost of construction goes- the majority of “homes” built will be apartment buildings by developers, funded through cmhc.This has already been going on for years but now developers are going to be able to build these on greenspace that was considered in developable previously due to zoning, ie, old school yards, large undeveloped lots in residential areas, large schools yards with excess space, etc.

There is most likely not the market size or appetite for accredited investors only.  

If this was not the case you may have just had an excessive Insurance and Tax increase for 2024.