REI Strategies??

[Kerry Drake]

Here in Anchorage, rents run ~1% of purchase price, and prices are fairly steep. 3/2 (each side) duplexes easily run $450K and older 8/4 (total) 4-plexes are about the same. Occasionally one can find a SFR in the $100K range for rehab, but most are priced closer to $200K (with $250k-$300K ARV). Given this market and access to $250K via line of credit, I'd like to hear from the crowd what strategy they would pursue. Thanks!