And is the price probably very inflated for the current market and/or should I wait buying anything right now?

@Deanna Opgenort i was aware of that 😓 how do i avoid that if the market is inflated??

There's a lot of chatter about increasing inflation and its affect on mortgage rates.

As well as there can only be an increase of rent once every 12 months that is limited to inflation rate of that year + 2% (approximately 5-6% - 1200 rent could only be increased to 1275 when similar properties around the area are going for 1400-1600)

My local market and surrounding area is extremely inflated and there is no way to make the numbers work.

Or should I continue saving my own money to borrow less/nothing at all for a down payment, but have inflation eat away at it for 2 years?

With inflation these days and cost of contractors it takes a few hundreds to get them to do anything these days.

I don't care if it's for inflation, your daughters braces, or because you want more cash flow to spend on the ponies!

The price has come down almost $200,000 dollars and it's in the neighborhood we've been wanting to raise our family, but... we'd only be able to pull in $1250 - $1500 in rent from the other unit at this location, and it would put us into even more debt.Looking for other investors thoughts on whether or not to jump at this to ride out possible inflation, or to wait and hope for a market downturn.Current Situation:Duplexmtg + tax + ins = -$1300rent = $900net = -$400Possible New Situation:Duplex (w/refinance)mtg + tax + ins = -$1900rent = $2400Housemtg + tax + ins = -$2580rent = $1250net = -$830Thanks in advance for any input you can give.

The CCP loves this because it can inflate its GDP and keep up employment by paying people to build empty apartment blocks and even entire ghost cities.