Turns out the theory was right, but the decline has been even steeper.You might be able to predict whether a future market will be better or worse than the current one, but predicting how much worse or better is nearly impossible.And don't even get me started on how sponsors could be manipulating purchase cap rate, whether intentionally or unintentionally, by reporting pro-forma caps, non tax-adjusted NOI, and so on. 

But it became too hard of work and too much risk to be making just $30,000-$50,000 per flip (before tax).

.• Public Records & County Websites:Local county appraisal and tax records can be a goldmine for owner information.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

There are tons of other metrics to consider such as rental rate, job demand, growth, path of progress, taxes, schools, crime, and on and on.

If you are purchasing a primary home, income could be a challenge if you work at an office.

If the income requirements are met, credit looks good, and employment history ( at least 6 months +) at the same job, move forward with the applicant and request additional deposit.That's an old eviction IMO.I have a current tenant that I leased to with low 500 credit.

Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.

Hello Devon,You can buy a new duplex with 5% down if you are living in it.You can use expected rental income to qualify.