Get ready for the "DM me" avalanche. 

Lower recorded sales prices, leading to lower appraisals; less buyer affordability at the lower income side of home ownership; different methods leading to more difficult price comparisons; and an avalanche of additional paperwork, associated costs, and LESS not more transparency.  

We all have our worst!

One thing that saved me from bad deals: always run 3 scenarios - best case, worst case, and realistic.

I know a lot of people are struggling right now, so I wanted to share some things I'm doing in this space that are working. STR is not dead, but it's a lot harder now. You have to be willing to do more, and to bear th...

That's the worst. 

If ai refi and rent it, best case I MIGHT get $200-$300 above monthly expenses, worst case I lose $100/month but won’t be able to get any cash out or pay off my credit cards and investor.I’ve done a few single family flips and have other rentals so I’m not new to the process but I’m torn about taking the loss vs. holding long term.Long term I’m counting on appreciation, rent growth, no major insurance or tax increases, or major repairs.Selling I’m taking a right now loss and walk away with $20k to reinvest in whatever is next.I know the answer is always “it depends” but I’m curious what others would do.For reference the property is on a very populated island near Kennedy Space Center in Florida.

Worst case scenario, we will just write up a lease to own agreement, but my hope was to transfer title, enjoy his low interest rate during the renovation, and then refinance once the needed repairs are done. 

Early on when I was buying the worst house on richest block often came with unimpressive cash flow but excellent occupancy and near guaranteed appreciation so for me at that time it was a win.

Hope for the best, plan for the worst.