That makes me think that landlords see that and are influenced to raise rents to that number.

Public REITs have seen a strong return to capital markets in 2024, raising $64.9 billion by Q3.

@Don Konipol The buyers lender was aware of the Seller Finance scenario and didn't care because this was a commercial loan and they were in for around 50% with the seller the other 50% so they had security. 

She said go ahead and raise the price.

@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.

You will want to check property values in the area to make sure that the money you're investing will actually raise your property value. 

That is overly-simplified and there are other rules and exceptions to that, but it's something that newer investors need to be aware of before you start chasing "flooded homes" for rehab. 

(A substantial drop in national savings rates from 4.4% to 0.9% raises alarms about future consumer spending capacity, especially as recession looms and job losses become prevalent.)

I found a deal through auction (3/3 1427 sf, Colorado) - $177K.I wondered if anyone had purchased this way before, and what landmines should I be aware of?

But it sounds like you’re aware of that and are ready to stay flexible.Ultimately, it's all about what feels right for you and your situation.