Competition is much lower this time of the year and the election has further slowed down the market, which creates opportunities for savvy buyers.

But these do have drawbacks, typically in lower LTV, prepayment penalties, etc.  

@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

- get into real estate with a lower rate and lesser percentage down payment.

My most recent look indicated that the DSCR rate was actually lower than the one at my bank but would have required a 35% down payment in my particular situation.

The effort level is lower to sell than to BRRR, because you don't have to rent or refinance the property.

If you have a lower rate locked in currently and have no immediate needs for additional capital, then you should wait.

If its short term lower occupancy go for a smaller machine if it is larger occupancy you want a big machine.

Lower my cost and I could lower my rent and still make the same profit.

People are staying more, moving less since COVID, which means less rental inventory, increased demand and higher prices particularily in the lower and medium priced markets.