Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

I’ve found myself particularly interested in multifamily properties, but I’m struggling to grasp what exactly defines a “good deal.”When evaluating listings, should I primarily focus on properties that seem undervalued?

The Ohio market is very strong and competitive, so people struggle to find deals with consistently great margins on flips, etc.

This tells us that the tenant may be struggling financially and will have even more trouble paying the rent in the future.

They work for my mom because it is a lower commission split, I feel like I am struggling because I have no leads.

Which I also would tell you that if you have trouble managing finances and poor credit I strongly advise against real estate as its capital intensive and if you struggle now managing money having more money and real estate only exacerbates that issue.

I'm struggling with the idea that it is somewhat normal in this market but it does seem like it would be a negative to potential tenants.

Ownership demand here seems to heavily outweigh tourism demand and i'm struggling to get anything to pencil.  

I think the unsuccessful and struggling units who have not jumped ship yet will continue to do so, leading to less supply, increasing demand, and a better year for the successful units. 

Otherwise you could end up owing more than what the house is worth, which a lot of investors are struggling with now.