I was so upset that I could not fall back to sleep.

Purchase price: $295 Cash invested: $20,000 Sale price: $385,000 4 bedroom, 2 bath in sleepy little town with great neighborhood.

and its all supply demand along with jobs along with Risk tolerance.so where you have a lot of supply and high risk tolerance that usually equates to lower value assets.Mid west is full of this type of stuff.. they can be low priced for a few reasons.1. urban core rough tenant base high risk 2. sleepy little mid west town limited high paying jobs.. so renters have a ceiling on rent.. and that backs into what an investor will pay for a house.

I don't know enough about Sleepy eye to know how much business there is in the area, but one factor is the number of transactions, the other is the dollar size of the transactions.   

Daily progress is the real goal...the end result is never fulfilling as we constantly move the goal line.If my mind is spinning and I can't sleep, I listen to a podcast to distract me.

I dont want to discourage you from investing but waco is not the sleepy little town it was 10 years ago.

I feel like I am waking up from a deep sleep.

Hope this helps... feeling sleepy now :) its 1:10am here  Soji

It didn't look to be dangerous at all (just a little sleepy for our preference) and we were happy to see that one of the homes we were looking at had a well lit street.  

So far so good on the homefront, none of us show any bites and we've not seen any of them, our luggage and shoes are still in the freezer(along with the kids sleepy friends and a brand new stuffed Santa!).