Would this be a slum lord play?

If he's getting 10-12% return, why not borrow at 8% and play the spread?

Income over many years-weather plays a big part is the success of a wash, you want to see REAL numbers for st least 3, more like 5 or 7 years to get a better picture.Sellers mindset-is he really selling 2 of 3.

Is that the play?

Quote from @Ethen Sanchez: Quote from @Alex Olson: @Ethen Sanchez While I don't know STL as well as KC, yes crime rates play a factor.

Like pert near anyone in our bizz you do have bummers each year myself I wholesale them off when i do have to take one over.. or i might sell them on my 0 interest short term owner finance program .. which creates some rock solid paper given the assets usually need a lot of attention at that point.. for the speculation I had 2 long term land plays one paid off after 22 years of owning it for a 100X multiple  yes 100X  :)  And the one i currently have that the new CHIPS act could create a huge win for myself and partners..

Your Core 4 Real Estate team will play a very important role in your success.As for other markets to check out, it really comes down to what you're aiming for. 

I do not have much knowledge on real estate but I am the hitting  books: BRRRR by David Greene, Estimating Rehab cost by J.Scott, Investing real estate with no/low money down by Brandon Turner and finally, Rental property investing by Brandon Turner.Outside of real estate, I enjoy swimming, bike riding, watching anime, playing video games and interests in the stock/house market.Excited to learn and connect with you all!

I'm not sure how your Homeowner's Insurance will play into this.

Also remembered to play the long game, the entire southwest of the country will have no water soon and there will be mass migration to the Great Lakes bordering states.https://www.realtor.com/research/top-housing-markets-2024/ I don't like Toledo anymore.Too many out of state investors are here now making the market better than ever.It's frustrating growing the business so much.Preferred snail pace growth like when we first started hehe