You can find deals but they often need a lot of repairs/renovations, and depending on your skill and/or team, it might make these viable options or properties you want to avoid.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

You might still be able to hold it long-term if you can refinance and get through the repairs

All we do is collect the rent and come by to do the pool and small repairs.

Repairs are probably around 30k at least.

Based on our comps and some repairs I already know about I listed it with an initial price of $485k.

I did not rent, though, mainly so that I could build up more savings for down payment and any rehabs/repairs. 

- You may want to get a home inspector to tell you what needs to be addressed.How will you get any needed repairs done?

Plus, they often have established connections with handymen and contractors, making maintenance and repairs seamless.

Consider both immediate repairs and ongoing upkeep.4.