When supply is low, prices go up.

MFH supply is somewhat limited in the northern coastal region (Myrtle Beach, North Myrtle Beach, etc), but it's certainly still a viable strategy. 

Market price to acquire said residence follows a math output from; demand vs supply (this pushes price variations up or down from the "basis"), and Cost To Acquire. 

The small leaking pipe in the kitchen is likely a water supply line and a plumber can fix it.

Just like anything, it is about supply and demand.What I have been doing is joining Facebook Groups for people looking for rentals.

Ton of new build neighborhoods going in which have increased supply.  

However, if you feel uncomfortable supplying it and they insist, then walk down the block to the next brokerage.

Since our credit sucked now we still had hope if we wanted or could afford to spend $400+ a month for 6 months on office supplies basically.

Generally the biggest con or concern on rural (from dscr lender perspective) is the availability of the land to build competitive supply cheaply that can challenge the value of the subject property. 

Some start much higher than that.In our area it is simple supply and demand - there is a very large demand for our services, there is limited capacity to provide services.