FULL STOP  Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.

My day job industry (Solar) has attracted some interesting characters over the years so I'm no stranger to the effect a few bad apples can have.

@Kasondra Milton- hi there ...thanks ...Raised in the fairport area ...live on west coast now ..last summer I had to return to Roch area to help with a family illness  situation ...I stayed in a AIRBNB that was close to Strong hospital for 3 weeks ...in my search for places - I must say I was surprised at the lack of options ( at least at that time ) ...that being said - I agree with your comment about the fact that Greater  Roch  likely  wont  attract a large amount of renters consitently  ( outskirts  like  finger lakes are a diff story ) - thanks and good luck

@Parker Pattschulljust curious - what attracts you to syndications? 

Just musing ahead 10 years or so.With states now mandating the phase out of Gas/Deisel cars  How are MF owners going to attract and keep tenants that will now have EV's in the next 10 to 20 years ? 

Then he decided not to do business, they made the  offer very attractive and he was desperate. 

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

Prices still attractive, but town growing that way.