With more sellers than buyers, prices will fall until equilibrium is reached.

But you should judge your PMs on more than just price.

You can still find deals that are priced from $120-180k that do positive cash flow and hit the 1% rule.

You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

Start at a higher price point (not too high maybe 10%-20% higher than what you expect to rent for) then each week lower it just a bit until you get it rented out. 

For purchase price, use this formula,  (Arv * .70%)- Rehab = Purchase Price Good evening Dustin, I went onto the webpage for Arizona association of Realtors and I found the agreement for 2024, however I am not licensed so I do not have access to download the contract.

I could get the same or higher overall ROI by putting my money in an index fund which is 100% passive.Deal #2This seems like a good deal to me at the asking price.

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.