I should have asked why, but got an umbrella policy anyways for my personal house, cars, and this investment property.

Hi @Carly DuCharme! 

To your point, that is all lost income and not to mention you need to pay for any inspection past the 1st one (no clue how much section 8 inspections cost opposed to a normal inspection).

He clearly doesn't get investing or that refinancing after renovation is just a normal thing for many people.There is a reason that Fannie Mae allows up to 10 financed properties per borrower.Stephanie

@Alex Forest nice plots.Since fed is printing money like crazy, I thought that using gold to replace US dollar to measure housing price makes more sense and can provide us a more realistic view of how expansive it is.My current feeling is that the price is relatively low, and I might keep buying for a while. if the real estate price normalized by gold increases above 700, I will sell.

I see this happening in Detroit  more city open space the question will be how will the residence that live there treat it burn down the houses and leave rubble for years upon years or clean it up and then keep it clean dont go dumping stolen stripped cars or their daily trash when they dont want to pay for garbage service  :)   

Single family homes/condo are hot due to a lot of people moving into the area coupked with lower than normal supply.

I'm normally in the opposite situation where i offer a discount to get a highly qualified tenant so i am surprised by this situation. 

Back on topic, Maui is in some sort of car shortage and cars are renting on Turo for $150-300 per day.

People have taken out car loans and lost FHA approval at the last moment.