Quote from @Pat Lulewicz: Have you every considered renegotiating your rates with her because those are ridiculously high across the board. 50% for a renewal is high-way robbery and should probably the first one to go.

The cost of living is so high that food, and utilities are beyond what anyone imagined.

When prices are high, fewer people can't afford to purchase so they are forced to rent.

Typically credited it as cash required to close as long as appraisal comes in clean. you would still need rehab funds or get financing on those:I would be concerned about refinance as the ltv when renovation is complete is very high and DSCR typically on refinance  may not go as high as you need

Florida has hurricanes, high or no insurance issues.  

I’ve spent a good amount of time running numbers and analyzing rent-to-price ratios, but I’m finding the hardest part is actually narrowing down which towns to target.A few things I’m keeping in mind:I like being near water since values usually hold stronger long-term.At the same time, I want to avoid areas with high flood risk.I’m focused on steady, long-term rental demand rather than short-term or vacation rentals.For those of you already investing in the Carolinas:How do you evaluate towns when deciding where to buy?

= Need to look into this -Are rents high?

Has high interest rates ever caused prices to come down?

You can create wealth with either approach but both approaches are more challenging than in the recent past.At this point I mostly seek highly desired property locations such as beach or lake front, Mountain cabins, bonus if they are near a destination such as national park of monument or other tourist attraction, etc.

With a background in civil/structural engineering and lots of experience doing manual labor/cosmetic upkeep to properties in high school, I immediately found the BRRRR strategy enticing.