They are able to rent property that is lower income housing, because otherwise the property would be vacant, or better housing where the landlord hasn’t completed a thorough due diligence either because the landlord left the due diligence to the leasing broker, or doesn’t know how to go beyond a $15 “tenant report”. or the property is sitting vacant and the landlord decides to “take a chance”.  

I remember a saying someone told me a couple of decades ago that convey's to real estate investing: "If you've been sitting at the poker table for 15 minutes and you can't figure out who the patsy is, you're the patsy!"

She loves it.Our situation is this, we have had our home that I purchased right before 9/11 for $110k that sits on an acre property.

We haven't been able to sit down and really focus on what will be the best investment project...but...we should get on a zoom call and discuss it in more detail. 

It's got nothing to do with people being speculative or "sitting on the sidelines". 

That way you have a home base that isn't sitting vacant and you are producing income. 

I just don't want to sit with an elderly person or their kids and explain my position in that deal. 

This was my experience: after two months of my property sitting vacant waiting on furniture to deliver, I finally went out there and set it up myself because they never sent anyone.

When we present a Subto for investors to buy, it has to have enough meat on the bone, all said and done, that the investor will still have equity and the property will cash flow.For instance, I have one I'm working right now, that has a high entry, because the seller wants some cash out to himself, but even with that, the buyer will wind up with $50,000 in equity.

The interior will need to be repaired and repainted.I've done several 1900 - 1920's and while they usually have good bones, the electrical can be underpowered for today's needs, and the water lines can be corroded galvanized or even lead.