My intuition tells me something is off about her being so desperate to find a place and we asked her to leave our tenant's unit today.

I also say look at where they were buying...for a little while everyone looks like a genius when you buy in hot markets and prices are going up 1-2% a month, but when that slows down, or time on market goes from 7days to 30 days, or your labor supply dries up due to Covid, or you just screw up on one house that has a bad roof or a bad foundation or bad plumbing pipes or all the pipes freeze in Texas because you failed to have on the heat in February and your insurance doesn't cover that because it is vacant and you were negligent, then you may have to sell 10 at really great prices to make up for the one bad one.   

We were heavily geared up in the foreclosure market, but we saw a lot of those deals dry up since COVID. 

I have to think the demand is going to dry up pretty quickly.

I don't like any condos down Thomas Dr. I

ads usually say something about the property being turnkey and that it already have tenants and about the shed that can be turned into a 1\1.That pic is from my walk through. included in the 3000 is the siding around the window, the boarder around the end of the roof, and dry walling in 2 rooms.

My mind works in terms of traditional financing, less equity is more risk and therefore I would assume the loans would dry up at a certain point?

You have to expect some dry periods.

For example, lead paint should never be dry scraped or sanded as it creates lead dust which is then inhaled or ingested.

Sorry for the long comment after a very long forum thread, but there is a lot for you to consider and the answers are just not clear and cut and dry.