This helps keep strong applicants in the pipeline while still giving you a chance to meet them before making a final decision.

We've noticed 3/1's have had more success as that is what investors are looking for and hindering my chances at a sale.

If there was a house of interest listed it was get there same day and make a strong offer to even have a chance, this doesn't seem to be the case at this moment.

Rehab estimated at $35K3 unit propertyWill need some financing What made you interested in investing in this type of deal?

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

(August 2022)Single-family residence buy & hold investment.Current Value Estimate: $410,000 Purchase price: $345,000 Cash invested: $5,000

Quote from @Aaron Wolman: I would call the companies (gas/water/electric) to get estimates, or an estimator out there.

Chances are they are paying others who are not as accommodating as you (amazing how people will make those car payments while jeopardizing their homes) - and it's time for them to move on to housing they can afford and to a tenant that does not require you to subsidize them.  

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

In my estimation it takes 2-5 years before a rental is broken in and feels like a good investment.