I started in 2005 buying the cheapest properties, sec 8, but that strategy quickly fell apart.

The Days on Market (DOM) figure for single-family homes fell from 51 to 29;Total property sales increased 1.6 percent with 11,285 units sold;Total dollar volume rose 16.9 percent to $4.0 billion;The single-family average price increased 13.4 percent to $372,408; The single-family median price rose 13.3 percent to $300,000; Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.Townhome/condominium sales rose 11.7 percent with the average price up 12.1 percent to $240,994 and the median price up 17.6 percent to $210,000;Single-family home rentals fell 8.2 percent with the average rent up 9.0 percent to $2,115; Townhome/condominium leases fell 1.8 percent with the average rent up 6.3 percent to $1,793.Source: HAR

@Ryan Fell, in my recent experience and maybe not in all situations (someone else can chime in), we did as you describe. 

At one point video stores became popular, rented to someone for a number of years till it fell out of favor.

-The Days on Market (DOM) figure for single-family homes fell from 51 to 29;-Total property sales increased 1.6 percent with 11,285 units sold;-Total dollar volume rose 16.9 percent to $4.0 billion;-The single-family average price increased 13.4 percent to $372,408; -The single-family median price rose 13.3 percent to $300,000; -Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;-On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.

The seller needed to move quick, it was the start of covid and first contract fell through, also GREAT area and building How did you find this deal and how did you negotiate it?

Well unfortunately the whole deal fell apart today.

I have a felling others have not chimed in because the answer is subjective.

Hey BP community,Just looking for a little insight / encouragement after my first deal fell through.

It fell out of escrow 3 times before we got to it because of one of the units being in complete disrepair.