A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.

They were willing to look past crypto when it was small, but the bigger it gets, the more attention it attracts. 

What kind of tenants will your property attract?

Do you know what is far more attractive?

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.

This price drop attracted attention, with three offers at asking price and six showings in just three days.

not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.

Hi Geetha,The NCREIA meetups in Raleigh and Charlotte are a fantastic choice—they attract real estate operators at every level, so you're definitely in the right place to build connections!

I can see where it would be attractive for the tenant, but it seems that it could be a hassle for the landlord.

Our real estate expertise was instrumental in maximizing interest and attracting offers.