But stray to far to the North or to the East by a block or two, and you are out of the ‘strike’ zone for higher values and into an area that is still suffering.Because every neighborhood can be it’s own little micro real estate market, has the market recovered in your little part of the world?

Even more striking is how little household debt has declined relative to its historical norms.

I'd market the property as a lease-to-own with a purchase/strike price of $210k in 2 years.

The insurance strikes me as a bit (~50/month) low, but I'm guessing on that.Who did you find to lend on a MFH with only 20% down?

Two strikes.

It maybe that you put in your time at someone else's brokerage to learn, then strike out on your own.

I have no experience in real estate investing, but this strikes me as at least a fair deal.

I know some folks who don't do much self-analysis and want to go out and see anything that arbitrarily strikes them as interesting.

I think they see the market share AirBNB has and the dissatisfaction with their hosts and are making their strike.

I'm pretty green when it comes to property management, but if they seem to have been a good tenant to the previous owner I would try to see if you guys can strike a deal that they can feel good about and bring you closer to your rental goal.