They were afraid to wreck the train by raising rates which was fine until the flood of stimulus money collided with the temporary scarcity of COVID.

$If you stop making payments and deed is in your name, lender wrecks the credit of the seller.

I think the major issue these days is these are  transactions for those with money and experience but with the internet and the Pace Morby's of the world you are going to see a lot of folks with no where near the experience or ability to handle these get into these deals and the train wrecks that will ensue..

Unless it was a complete wreck I'd estimate $30-35K max on rehab.

It can obviously be a blindside and wreck your initial calculations for your ROI. 

I think it's a slow motion train wreck as it stands.

You are taking a risk that they could never pay you another cent or that they could wreck the place.  

The outside needed some updates but did not give off an impression that the inside was completely wrecked.  

This has been a slow moving train wreck for a very long time!  

How many wrecked units have you had to rehab?