Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

When I'm looking at potential opportunity, price isn't that big of a factor.

That all said, the asking prices are just that, asking prices.

@Fabio Cattolico"if I could get an out of state property for a great price and the numbers seem promising, wouldn't it be good to start off like that if I'm in a place where buying is unaffordable?"

Buyers have trouble underwriting deal with current rates, so price goes down.  

It seemed like a long-term play with less price or industry volatility.

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You can also expect increasing HOA fees, and there may be some problems renting a property inside a difficult.You don't have any experience, prices are at an all-time high, and rates are also high. 

From there every 20 point increment affect pricing differently.

Quote from @Patricia Steiner: Price cheaper with cash sale?