Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

Im happy to answer any questions you may have from an initial strategic stand point. 

This is also why you had strategic foreclosures during the GFC out west.. folks upside down they know they can just walk with only credit dinged.. so they live for free as long as they can then move on ..

I love working with STR owners and strategizing this very point!

While overall retail spending is projected to rise 2.5% to 3.5%, consumers are being more strategic with their purchases.

Most importantly, we view this as a strategic move to grow our real estate portfolio.

And bookstores are making a comeback :)  But, again, you make a good point.I was initially surprised by how well the real estate brokers held on in the internet age but they have been very strategic about their positioning.

Investors must be strategic, balancing portfolios between rent-controlled and non-rent-controlled properties, focusing on cost efficiency, and staying informed about evolving regulations.

With swift action and strategic market placement, we sold it for $449,000 on 9/4/2024.

Partner Driven financed this deal through a strategic partnership with Tony Skaggs.