Cheap purchase & potential ARVHow did you find this deal and how did you negotiate it?

I would want to see all of that before making a decision.With respect to the deal, $35K per door is a very cheap price these days, so it could be a good price.

Cheap buy in, new construction How did you find this deal and how did you negotiate it?

However, on the flip side evictions in my market can take longer than 6 months and I would use a good eviction attorney which also is not cheap.  

@Ivana Ivanovic most Turnkey Companies took advantage of the drop in prices after the Great RE Crash in 2008-2010.While values plummeted, rents didn't, allowing Turnkey companies to buy properties relatively cheap, fix them up and still sell at a profit due to relatively high rents.Around 2016, they could no longer do this with Class A properties, so they moved to Class B.Right after COVID, they were forced to move to Class C properties.What do you think most of them are doing now to justify selling at profitable prices for themselves?

I am going to throw this out there and play devils advocate- while I believe they will cut rates because its an election coming, I ask why are they cutting rates?

Refinancing seems like throwing that goal out the window.2.

Compared to Washington, the center of the country will look cheap and rents will be high relative to the price.Why does any property sit on the market? 

Student rentals are great because you rarely have to worry about vacancy, and you'll get a range of students willing to pay a premium to live in the nicest house off campus vs some students who just want a cheap apartment with their friends.

The city is going through massive revitalization, prices have doubled in the last 5 years but are still quite cheap, and Detroit experienced its first uptick in population in almost 70 years.I was just in SF last weekend and met a couple of clients.