No Deals Available On The MLS?

[Nader Hachem]

I always see people referring to no deals being available, but when running analysis for SFHs in the area i'm looking for (Redford for those of you in Metro Detroit) -- i seem to find deals that meet my goals of $200 after 32% of expenses for vacancy, repairs, capex, management, etc. Are my goals not large enough? This would be my first property so i'm more concerned about getting that first property than hitting a home run.

(No, this doesn't mean i'm looking to take a bad deal to get something under my belt).

But i guess i'm just wondering -- Is my criteria something people are finding, but when they refer to no deals, they refer to better, larger "home run style" deals? Or is something wrong in my analysis to be finding deals that often I haven't purchased these deals yet but it looks like there's at least an opportunity.

I'm completely fine with my first deal being a base hit that generates some cash flow and gets me going rather than getting that home run. What're your thoughts on this topic?