What they dont realize is its the FED buying and propping up the entire world.Real Estate has not really budged much in price [in most areas and it takes a long time to move the needle], its in a suspended animation phase, after a couple of months its either going to break out and get back to somewhat normal [like the rest of the world] or its going to crash downwards through to a level we have never seen. 

The average sales price in the area is usually 850k-1m+ (~2000 sqft split levels/high ranches going in this range, our house is a 2600 sqft colonial)We are now confused if we should wait for the house to clear title or back out due to the potential wreckage covid19 may cause in the housing market.

It took me a long time to find a contractor who would give me a bid that was at the level of detail that I felt comfortable with, and the more they worked on the bid the higher the price rose...By the time the contractor's bid was finished, the rehab was going to be just under $100,000. 

It is a calm neighborhood with relatively lower levels of crime compared to other favelas.There is no concept of property management at all.

Why increase that already substantial level of risk by going with a company that at best, appears to be run by amateurs?

If the media started doing that now, it would reduce a lot of people's stress and the level of panic.

@Michelle Montilla It depends on your comfort level with OPM.

Good entry-level propertyWhat made you interested in investing in this type of deal?

@Avery Carl This point make sense, but it really depends the level and quality of cash flow.For standard LTR cash flow, they are normally not good enough to scale business, so we need to build equity (BRRR) to make ourself scale.The business model for STR might be different, but still, equity is the real wealth.

The Price of oil, declining cad, massive personal debt levels , insane housing prices etc etc...