It generally is by area plus of course your location.

Not to provide TMI, it's a very very good location of Austin-- slightly West and it was priced north of a million, quite a bit more.

Get super familiar with your location of choice and work with people who have your best interests.

The property is a single family located in the East of Irvington, Indianapolis.

For SFH, I find it makes more sense if it's a location where Starlink is also best internet option. 

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Now, maybe the location is not the best, you will have to do your due diligence, but follow my train of thought on this one. @ $700k with 5% down : you would need $35k : why $700k if this is listed for $600k Bc as an example: you could do a construction loan where you buy the home for $600k and use $100k for the ADU.

Assessing how critical this location is to their expansion plans is essential.The Investment Considerations Lease Expiry: With five years left on the lease, your strategy should account for potential vacancy risk.

Location/ Equity How did you find this deal and how did you negotiate it?

At $377K/door, this building's costs will be nearly 2X what a similar building would trade for in this location.