Any changes in federal spending could influence the job market and, subsequently, the real estate market.4.

Older homes that aren’t elevated could suffer major damage when the next storm hits.Many expect market saturation in the coming months, as flippers are snapping up flood-damaged properties.

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

Your “don’t evict strategy” could only make sense in a market that literally hates landlords.

For your seller its an effective sales price of ask - 2% using your assumed $500,000 thats $490,000, a real good offer depending on your market.  

Cleveland would be a great market for you.

Rich Ng That's good to know, I know people who have had issues in Salem with big differences between market and section 8.

Most of the ones I bought had existing tenants and almost all were paying below market rents and way below market rents.

There is around 500k equity in the property. 150k-200k would get the property fully rented at top dollar with desirable tenants. 100k would get it to where I can rent all the units back out at fair reasonable market rents.

I purchased a duplex (Austin, TX) at peak market prices in 2022 for $720k.