The non-conforming duplex was on the market for just $430k.

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

While algorithms can analyze data at scale, real estate isn’t just about numbers—it’s about nuances and the most important component of real estate is understanding its value, and that to me (maybe I am old school) but can only be done by physically visiting and walking the property.So for me, factors like local market conditions, property inspections, and borrower credibility can’t be fully captured in a formula.

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.

Broker - off market How did you finance this deal?

Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 

List price is 320K and it has been on market for 60 days.

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

Does anyone have a map breaking down the Phoenix market area ?