😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

I've been able to afford my payments so far without much issue.

These areas tend to provide the best balance of affordability and rental demand.That said, Detroit’s market is unique.

Focus on affordable markets, build a strong network, and continually educate yourself through books, podcasts, and deal analysis to steadily expand your portfolio.Good luck!

@Emily ShinHouse hacking a multi-family property is an excellent way to start investing in real estate, especially in a market like Columbus, Ohio, which offers affordability and growth potential.

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

They can't afford the double deposit, indicating they live on the edge at the moment.

As others mentioned can you afford the negative cash flow?

I also looked at the $401K loan as icing on the cake because I could afford to take the hit on my biweekly paycheck and besides if I wasn't paying back the loan I would be using the cash to invest in real estate anyways. 

There are circumstances that having a low downpayment is beneficial, but personally, I'm not a fan of PMI if you can afford the 20%.