Jeff, Not trying to rain on your parade… But you buying it from them prior to it being listed… Well… Is slim to none.

The problem I have seen with many single family homes is extremely slim profit margins, meaning that one major repair will eat up all your profits for a year or more.

On a 200 k ARV property it seems that I hear a lot of investors talking about making a minimum of 20 k profit, but 20 k profit on the 700 k ARV deal seems very slim.

In regards to Brewerytown, the area is evolving toward new rehab and or new construction - multi's are slim pickings for House Hacking.

@Andrew Merritt you are certainly right about Charleston, slim pickings right now.

A LLC with several years of history may have a chance with a bank but the chances of approval are still slim.

Average cap-rates for stabilized B and C properties range from 4.75-6%, so the spread between those numbers and typical investor interest rates is pretty slim.

With condos, finding a building that is FHA approved is out there, but slim, which means you will have to at least put down 5%.

As a landlord, once the moratorium is lifted, I'm about the same place from that day forward - Existing or new tenant.I think I might evict the bad actors (like 10%) since if a guy skips 3 months or more, odds of him paying off are slim and I don't like their behaviors.On the rest I want to stay, I'll do a work out.  

However, with the high prices along the Florida coast, it has been my experience that the profit margin is rather slim, given the high prices.