Cap rates were compressed. 

I do not have much knowledge on real estate but I am the hitting  books: BRRRR by David Greene, Estimating Rehab cost by J.Scott, Investing real estate with no/low money down by Brandon Turner and finally, Rental property investing by Brandon Turner.Outside of real estate, I enjoy swimming, bike riding, watching anime, playing video games and interests in the stock/house market.Excited to learn and connect with you all!

Quote from @Jonathan Greene: I like the Lakeland area a lot.

In the meantime, I would recommend checking out BRRRR by David Greene and The Book on Rental Property Investing by Brandon Turner. 

Quote from @Shannon Green: Below are the numbers .

Quote from @Jonathan Greene: Quote from @Patty Tower: I always go in with offers contingent on inspection.

The area is small but is right outside of Bowling Green (the third largest metro in KY-60 miles N of Nashville) and there is residential construction going on in the area that appears to be selling around $225k on average for a standard 3/2 home.

I find the cap rates for these to be very compressed on the West coast.. and can be very high out in the mid west deep south..

This is the norm for most of the Green Mountains region. 

Arrived was established in 2020 and is way too green for me to even consider.