The low initial investment and high resale value made it an attractive opportunity.

Attractive to some, a turn off to others.

From what I hear, that's a pretty thriving real estate market and attractive place for young working professionals, which sounds a lot like Denver where we are.

Clean it up, put on a fresh coat of paint, and list it on the MLS to attract tons of buyers, including retail buyers!

Factory built with its potential for less material waste was attractive.

Larger holding are able to afford and attract more competent, more interested, and more attuned management.  

Maye invest some money into improving the property to attract better tenants?

Small multi family is generally the most attractive asset class for out of state investors here as it provides a nice balance of cash flow with reasonable purchase price

Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

It’s not as hard as you think and if this Amtrak attracts more people to Scranton, not only will they not want to live in an old run down house but they’ll likely have the money to rent or buy something newer.