They have several other LLC's such as Home Partners that purchased properties at low prices and then quit claimed them to Guardian and then Guardian sold them to people who needed to 1031 exchange money into another property.

Yes starting out there is a low dollar per hour but at some point it needs to be worth the while - as you could be spending that time doing something more profitable.Not saying to give up by any stretch just saying make sure to re evaluate consistently to put the best strategy together

That is a really low entry price for sure.

I was getting worried because I saw the rents in the winter were super low compared to what Rentometer spits out.

One unit is occupied by a low-income senior not on the Housing Choice Voucher program and paying well below market rent.

I'm holding onto this property for now because of appreciation and my low interest rate.I bought in 2023 on the East side of Indy, Class C $130,000 and $132,600.

I do see pre-foreclosures, pre-probates, and tax delinquencies.

If you want cashflow.. look for markets with low entry prices and higher rent averages.

@Nate Jenks - @Andrew Postell did a great job clarifying the big challenge you'd run into pulling cash out with such a low down payment. 

In the cities the government got involved in housing and low income housing was built for poor people.