I bought a Class A (nice Indy suburban home with excellent schools) in 2013 and it's appreciated (doubled in value from 2013 to 2021) and I'm positive cash flow because of my low interest rate, 3.875%.

Don't let the plywood fool you - the interior pictures on the listing are nice.

Whether or not it's the bottom, it's definitely a buyer's market in those areas, and they are nice, big cities with major transportation centers. 

.: I live near Nice France half the year.

Nice thought but not reality by a MILE.. real estate is full of dreamers..

I updated the electrical, painted everything, and “cleaned the property up nicely” exterior and interior.

I would have to assume that if they've had it that long, they could absolutely have some really nice cash flow going.

Quote from @Gaetano Citera: I would look at what has sold for Prefab verse stick built..

Thanks,AniFor what it's worth: In my recent audit with the nice man from the IRS, he accepted my deductions of the interest payments on my many SubTo properties, none of which, was  I provided a 1098 by the lenders, because I could show him I was making the payments and how much.

So I was hoping someone else could benefit from having the big pieces like couches and beds, nice TVs, etc.