Rates that low don't make sense especially if they're a no doc shop.

I think there's a pretty low bar for competency in the management business because it's not glamorous and can be a grind.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Locally my observation is that the need is more for low income young and working vs college student.

You lose because there are many other suckers out there falling for the same line and sharing the same low-quality leads that don't translate into sales.Do the math.

I have a wife and 3 kids and the weight of their futures on my back.

However, the rental value this area is very low compared to the Home values and mortgage rate.

For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.

If the property does not appraise the buyer has the right to ask for a price reduction or cancel the contract.

Everyone has been spoiled by the last 10+ years of low property values with high rents and low interest rates.- Just ask any investor doing deals prior to 2008 Real Estate Crash!