You could be in an expensive market, like LA, but you inherited a property or you got a killer wholesale deal or subject to and the numbers could be very attractive compared to buying off the MLS for full market price in the same market.

It's the conclusion you came to before you wrote the post I know but bringing up the challenges might make you realize that you might have to offer a heck of a good deal to attract a potential partner.

There are indeed many tempting short-term investment opportunities in the market that look very attractive numerically, but their potential risks can easily lead to pitfalls.

I’d use it as an opportunity to diversify into some other investment classes where you might be getting a more attractive risk premium for less work right now.

These markets tend to attract a lot of investor activity, which can drive prices up, leading local homeowners to take on more debt to afford homes in their area."

Rent ready in leveraged RE in this market does not produce returns that meet my expectations of return for my effort. 

This often attracts broke tenants you will have to soon evict.

I put the cash from the refi back into more mutlifamily units that produce more rental income. 

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

I dont screen but to be fair our properties dont attract parties.