Working from home has negatively impacted the commercial real estate space in my market.

One note is that if the property was helping cover my costs of living while I house hacked it I wouldn’t worry about negative cash flow while I resided there.

You can certainly buy a property that cash flows immediately, but once you add a property management fee and the cost of someone to clean it between rentals (which can be much more expensive than an average cleaning if they have to do a trash-out), it may negate the benefit of buying in a lower-cost area. 3.

@Luis Maza, there are multiple factors.First, I can't speak for all wholesalers, but all but one wholesaler I have ever worked with has been very far off on their numbers.  

In particular, OO does not have vacancy or PM and typically has cheaper maintenance/cap ex than the landlord would experience.https://www.realtor.com/news/trends/its-now-officially-cheap...if you use realistic expenses, purchase at retail (off MLS) without a value add, you will have negative cash flow on virtually any purchase.  

If values of real properties continue their long term increases, then owning more property even if it means having paid higher prices will turn out to be a winning strategy, provided the buyer is able to maintain ownership through periods of possible negative cash flow and or refinancing necessity. 

@James Kiefer From what I understand Pittsburgh happens to have some decent underlying fundamentals so it may not be a bad place to invest but certainly speak with local experts.

I believe a host profile with a face and a name also helped us avoid negative reviews, as guests are less likely to criticize an individual than a company.

New building permits have slowed down, relatively speaking, in 2024.

Experienced and in contract as we speak.