It will almost ALWAYS be below asking price, so you will have to make 10s, if not 100s, of offers to find a motivated seller.Then the property will have to pass inspection, appraisal, etc.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

All contact, maintenance, inspection, lease, anything is handled in a queue....not a call.

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.

And be sure that your offer can be rescinded upon inspection.  

And another part of the town considers it to be residential, so it's exempt from most building codes and inspections that would normally apply to hotels. 

If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.

Connecting with them directly will help you get a better sense of voucher amounts, inspection standards, and timelines.

You will never know the right number until you have a chance to inspect and get contractor bids, which will typically happen after an offer is accepted. 

We're still waiting for the PM company to provide an inspection report on the setout & a rehab estimate for the turn.