Reonomy (Analyzing market conditions, and assessing property values) 2.

I’ve purchased rehab homes on Long Island that were cheap for the time due to the area or condition of the home.

If you're more focused on appreciation, Columbus will be a great option due to its growing population and favorable economic conditions. 

Currently in negotiations with Singh Development Company to purchase my rental home (as in condition-renters moved out) located in Columbus, Ohio with Seller Carryback Financing. 

Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

@Brennan CoulterWhen deciding on a house hacking strategy, consider your lease timelines, market conditions, and available opportunities.

Purchase price: $176,000 Have a signed PA and conditionally approved loan for single family residence in Fulton Market neighborhood!

I do have 1 month of his security deposit but I am not sure the condition of the house.

Given current market conditions for sale and improving demographics, syndicator is planning on holding longer than anticipated.  

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.