There are several properties that either are zoned correctly or would need rezoning, but priced out of our range, so hadn't made any offers yet, there.

You won’t be able to borrow against a home in that price range.

Yes, inventory is ultra-low and discounts are almost non-existent.

When asking for an appraised value, if they hesitate, try encouraging them with, "What range do you think it would appraise for based on nearby homes?"

There needs to be a plan to pay the line under a range of interest rates, and to pay it off.  

The offers I received for a cash offer (the property could not be financed) were in the $200,000 range.

You can easily find a turn-key property in the $250k range with cap rates around 6.

Assets identified in this study include:Appliances: Oven/range, dishwasher, refrigerator, washer/dryer, microwaveElectrical and communication systems: TV connections and dedicated equipment outletsCabinetry and CountertopsDecorative light fixtures: Sconces, pendant fixtures, chandeliersInterior Finishes: Crown molding, wood panel wall covering, window treatments8.20% of the total depreciable basis was classified as 15-year class life.

I also have a world class designer on my team that helps get these kind of properties from the average $60-$75k/yr range to over $100k/yr range (for 3bd homes; more the bigger you go).  

And when inventory got ultra low that did not work anymore and we shifted to move-in ready.If you are after cash flow, real estate is not what you want in 2024.