What's the demographics of the condo? 

For us if we did not buy multiple houses there is no way that $150kish would produce this kind of returns in the house demographic we were interested in.Hope that helps!

When you are buying in at a much lower basis, demographic shifts are more likely to move to you.

What I have found talking with other investors is that the waterbury and hartford units they have typically require more work because of the demographics. 

SEction 8 in the mid west or deep south is nothing like Section 8 on the west coast.Section 8 tenants are sought after in those markets because of the govmit paying the rent. free market rent in those areas is very much hit and miss. so they go for the govmit surety at least for the 1 year period.on the West coast there is really not much need for section 8 in the free market like there is in those markets... and its tough to get landlords to accept them.. very tough. ergo they have a liason.I mean in our markets here on the west coast you get market rent and on time generally if you screening well and you don't get the wear and tear that the average section 8 home gets because of the family demographics usually.... unless you get elderly section 8 I had a bunch of those in Vancouver wa.. they were a dream.. even though it was below market rent they never caused any issues and lived there until they passed....

Could it be that the seller sees a large nuisance of deferred maintenance or upcoming tax or demographic changes that will make the property complicated or less profitable to own?

Restaurants tend to go out also due to poor location, inexperienced operator, bad food quality, bad service, prices too high for the demographic base, restaurant type for the area over saturated with local competition due to constant couponing to drive sales.

North Ogden and South Ogden are their own separate cities with different demographics and higher home values.

First thing to understand is demographics and trends.

Look at your demographics and see what you can add.