Because they cannot afford the house or mortgage payment, and in many scenarios the rent payment is going to be the same or more than the mortgage payment.

@Thomas Farrell The BRRRR strategy can be effective with $400K in capital, especially in a market like Augusta, GA, offering affordability and rental demand.

But normal Italians can't afford to pay the figures you would need.  

Can you afford to have zero possibility of a tenant for those months that you don't have it listed?

In the more suburban areas of the City towards the County line, you may find smaller duplexes or 1930s craftsman/bungalows that are split into 2-3 units in areas where the values are much more affordable, but also not in the City center.

Memphis has been a hot market for investors due to its affordable property prices, strong rental demand, friendly landlord laws, and steady job growth—all key fundamentals for cash-flowing investments.As an agent that always works with out-of-state investors, I know how crucial it is to have the right team in place.

I recommend targeting emerging neighborhoods with strong long-term growth potential, where property prices are still affordable but demand is on the rise.

There is demand for it and demand in this area for affordable housing, in a tourist area where plenty of people have vacant, second/third homes for seasonal fishing and hunting.

- to afford monthly payment to the "seller" of that property which is you.

If the home pays for itself and you can afford it, keep it.