The city of Portland spends around 200k per unit to provide low cost housing for the homeless and those on the edge of homelessness.

It’s good to see that foreclosure levels remain low and we’re not heading toward another crisis like the Great Recession.The fact that most foreclosures today are from investors who over-leveraged in 2022 highlights the importance of proper underwriting and maintaining equity cushions.I’m curious, do you see any particular markets or states where the judicial process is causing inventory bottlenecks, or is it fairly consistent across the top 10?

I suspect my half bathroom added at least 5 times the value it would add in Akron    It may have cost me 50% more (virtually all in labor costs), but my return on that value add is in a different league than it would be in Akron (nothing against Akron - you can substitute any low cost market for Akron).In my experience there are 2 things required to extract your investment upon the refi 1) the rehab has to be extensive.  

@Sasha Leans - I've not experienced this with them specifically, but I have run across other software / saas providers who employ this tactic.

Unlike passive rental income, the income from an active trade or business is subject to self employment tax is nasty.

These program require showing income and good credit but they exist.There are also programs like DSCR that Do not require income or employment they instead use rents to qualify plus down payment.

As a former employee of Kristin Witherspoon, I was subjected to repeated instances of non-payment, which is a clear violation of basic employment principles.

Lafayette is a solid market with steady rental demand thanks to the university and local employers.

We could handle two move outs at the same time, but when we hit three at the same time we would have loved to outsource it.We would also love to have someone else hire and monitor landscaping, all maintenance, verifying previous landlords and employment, or rent collection while we are out of town.

In most cases the Hopital or employer offer's or pay's for housing or a portion.