Great post. I appreciate the detailed explanation of the numbers.

However, what if more “wage slaves” decide to get into this business (at the $100,000 or less house level) and the market become saturated with “everyone and their neighbor” becoming landlords and flippers? Won’t that drive down prices?

Suppose interest rates go to 15% and housing prices plummet as a result of it. Will rising rents compensate for it?