Quote from @Unal Baris Kancoglu: Quote from @Corby Goade: Depends on the area and type of system you want.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

Have you considered which markets or property types you're interested in? 

Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.

You bet.

What made you interested in investing in this type of deal?

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

Their clear incentive is to bet on falling interest rates between now and debt maturity.A small handful of owners are forced to sell due to a looming balloon payment that a refi won't cover, but you're not going to find one of those by driving the market when any commercial broker can just look up properties on that basis and start making calls. 

Of course you don't want to over pay for land, but site conditions and construction type will dictate costs....is there underpinning?