Our government printed massive amounts of money, increased the money supply 40%, droves prices of everything way up, and people are upset.

As far as the markets go, things are moving quickly due to the backlog of buyers but my data suggests that supply will slowly start to creep upward as we get out of the summer and into the fall and hopefully as supply increases prices will deflate from the over inflated numbers we have been seeing over the last years or so. 

The advantage of Airbnb vs Hotels is that they offer more of an experience and immersion into the place where they are located, and if the property isn’t offering that at a high level it won’t stand out among the rising supply of listings.

Someone who can actually close in the time frame that was agreed to (This also requires the investor work to supply all thats needed).

However, supply isn't as much in Houston for lower price points, higher price per sqft.

I did my first one with the help of my buyers agent, the title company who supplied the promissory note for free, and a few hundred bucks for my lawyer to review the docs prior to closing.

Especially if it's a property that could use a little makeover (new paint, new flooring, furniture, etc).

A few questions about the expenses:Cleaning & Maint: 3.1%Legal and Common Area: 1%Repairs: 2.8%Supplies: 1.0%Utilities: 16.6%Capex (appliances): 0.8%These expenses are very favorable, but also quite low for a 10-unit coastal STR.

The property is worth $500,000 roughly and this should lead to a $60-65K depreciation deduction from a mixture of long-term depreciable assets and short term (furniture, finishes, sidewalks, landscaping, etc.).

That improves the block, raises tax revenue, reduces blight, and gives buyers move-in-ready options.If investors stopped buying distressed houses tomorrow, you’d see:• fewer renovated homes• more unsafe/dated properties sitting vacant• lower neighborhood appeal• and fewer entry-level houses anyone actually wantsThat doesn’t help affordability, it hurts it.The real driver of rising prices is supply versus demand, not whether an investor bought the house first.