Not sure what the demand drivers are. 

A great location demands a higher price. 

Then there you go.One thing I am looking to try to do but haven't done yet is buy something with zero down on seller finance, put the rehab on a 0% credit card, then refi the seller off in 12 months and pay back the card. 

However, you could buy a property with seller financing.

Many experienced investors are willing to partner if you find the right property and do the legwork.3.Seller Financing & Creative Deals– Some sellers will carry the note, allowing you to buy with little or no money down.

Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades.

Appraisals, Lenders and Rates : Beyond the transactions that were literally in process (sales, listings, leases, seller carries) are properties that remain amongst vacant lots.

After you get that first one, I would start looking for BRRRR strategy, and if you have time to market direct to seller you can try to negociate seller financing and sub to deals. 

We have the demand.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.