Testing the market may get you an offer you're looking for!

It seems Safeguard is genuinely trying to clean up the Jackson, MS, mess but they are also marketing lots of other deals in other cities still.

Hey Jerry - Tulsa and OKC are both booming markets and ones that drive the most demand in Oklahoma.

Who is familiar with the market trends and can share with me some insights?

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.

Perhaps this "no inspection" buyer existed 2-3 years ago at the height of the market.

if i am going to be ~$600/month negative, it would need to be a market that has rent growth far greater than inflation.good luck 

Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

So back to being a real estate investor: the only way to be one is to buy a property and create value out of it, whether through finding a below market value house and selling for a profit, or renting and creating cash flow.  

It's likely you'll be able to raise the rent as well with the upgraded unit and you can look to market it during the time of rehab.