In my market of Charleston SC, as in most markets the inventory is low. In this market does it make sense to buy a little higher priced home and hold it as a rental or what for that diamond in the rough? Generic question I know, just trying to think outside the box.
@Ricky Priester Diamonds in the rough are always rare. Despite the market. If you find something that cash flows and checks the boxes now, I would say to jump on it. This market likely won't improve for at least the rest of the year, so the window isn't likely to widen any time soon. I have a lot of clients who have really strict buying parameters and many of them haven't landed a deal in months because their specifics are rigid. That's fine for them because most don't necessarily need more deals/doors at the moment, but if you're in a buying phase, waiting for a perfect opportunity will probably only set you further back. Home runs look cool, but singles usually win games.