The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

And this market 100% of the sellers have paid it (my market). 

They could be your insight into off market deals.

Is this reasonable idea for this market?

It was on the market for a long time because it didn't qualify for conventional financing will it being unlivable. 

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

Quote from @Jerome Brown: Looking for some wisdom and to network with anyone buying in Ohio market (Columbus, Dayton, cincinnati).

To determine if there’s a market at the hospital, I'd recommend reaching out to the hospital's housing coordinator or human resources department, as they often handle temporary housing for traveling medical staff or out-of-town employees.