What that means is that even if you "overpay" for a property today, there's a pretty good chance that the normal rate of inflation and general appreciation is going to make you look like a genius 30 years from now. 

Thanks The older homes usually require some sort of updates to the plumbing/electrical to get a decent rate if you are wanting replacement cost.

Wisconsin has a 21 day timeline for landlords to account for any damages and refund the deposit, so if your State is similar, could also remind the seller of those statutes and that you can't just ignore these funds (like pro rating any rent the month of closing where you should be entitled to the portion from closing to the end of the month)

RE is generally taxed at the most favorable tax rates.

If your goal is to maximize cash flow, look for properties where you can live in one unit and rent the others at market rates.

The property requires a good/great value add to be a profitable investment (ideally one that can raise rents 50% or more) or interest rates to fall significantly.best wishes

Especially when considering the tax implications, current interest rates, and if you don't have another purchase lined up.Happy to send you an analysis and proforma for your properties as they stand right now, kindly reach out anytime. 

The owner occupant rate is super low compared to many states but as a rental it goes up alot.  

Super low vacancy rates in SD, even STR's. 

Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay.