You can still find turnkey deals that make sense but you'll need to act quickly because those deals get locked up extremely quickly. 

(If you would like to track market expectations of rate changes, the FedWatch tool from the CME Group is extremely useful.)However, yields and mortgage rates can be greatly changed by Federal Reserve actions—the real drivers are the policy press releases and press conferences (typically scheduled for the early afternoon, a couple of hours after the publication of the decision).

Also, it's extremely unlikely that the occupants are caught up on their bills because their house was just foreclosed on.

As soon as you buy a property it will begin to drop due to credit usage, but that's ok... that's what it supposed to do.Unfortunately in today's rate environment it is difficult at best to find good deals in about 95% of the country.  

I know these are extremes but those of us that have been in the business for some time all have our own stories to tell.Best of luck 

I am totally understanding the phrase, what is free is often waisted because the tenant is not frugal when it comes to utility usage.

@Timothy Rogers I just read all of your advice and you made things extremely clear.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I couldn't imagine managing a property from out of state unless you had an extremely strong team of people in your market to help with showings, inspections, repairs, etc.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.