From what I’m seeing, a lot of this “race to the bottom” is being driven by competition for deal flow and secondary market appetite.

But as rates normalize, the ripple effects are becoming painfully clear—especially for those who bought or refinanced at the peak without a long-term plan for rising costs or shrinking margins.This correction isn’t surprising—it’s the result of years of artificially suppressed rates finally catching up with us.

There is a large chance the ever demanding thirst of the new generations appetite with inability to repair anything will be death.

I have a healthy risk appetite. 

I've used virtual PMs and they all require some degree of hand holding and support, which you may or may not have an appetite for. 

These fees act to suppress the rents, because the grand total still needs to be something palatable to Joe Sixpack.

Because of the limited options and less appetite for these kinds of deals, rates and leverage will be slightly less favorable but it can be done for sure if the numbers are there.

Are you seeing appetite for funding deals like this, or sitting on the sidelines for now?

Quote from @Barbara Johannsen: how buyer appetite is shifting depending on LTV and asset class.Curious what you all are seeing:Are you focusing more on residential or commercial notes?

Usually I buy 1 house per year but recently noticed that I don't have as much appetite for single family homes due to the work involved in getting loans and meager cashflow, expenses, low return, etc etc.