You may recoup the money, but there's also a good chance you'll lose some.

New builds, new developments, plenty of rentals within driving distance of the city center, and there are still plenty of areas where a good eye for a rehab job will get you a good ROI.

and that was owner occ.. todays rates are pretty normal actually. what you can do if you want though is find a really good HML and let them place a loan for you making 10 to 12% while your wait for things to change to a situation that you feel you want to move forward be more net return than buying a rental thats for sure. of course no tax bene's but there really is not that much tax benefit on one rental.. so just some alternatives. 

Do you think that’s a good idea?

Good question, Suzy.Then an email:  "I think something's not right. 

I had a good relationship with the listing agent and was able to structure a below value deal (beating out iBuyers and other investor offers).

Good luck on your new adventure.

Im glad you're doing good. 

So, go with a good solution on the deadbolt.Screw a lockbox in a wall near the door for an emergency physical key.Find a locksmith that can rekey the doors between tenants - put ALL locks on the same key.Most electronic locks warn you when the battery is getting low.

Will this be a good investment time and money wise?