Hey Connor the way I look at it is depending on what your plan is with the property, if you plan to keep it for the long term and the numbers work (Cash flow, equity, Appreciation etc) then negotiate a price you are comfortable with and go for it.

I would like to build a nice cash flowing portfolio.

On an annualized basis, asking and effective rents are projected to rise at a rate of 3.0% through year end 2026, reaching average rates of $2,569 and $2,462 per unit, respectively.Full Market Report

Maybe into an area with more appreciation or cash flow potential. 

Before buying any property - I recommend learning some basic accounting such as cash flow statement, balance sheet and P&L.

I'm now taking out cash and funding the rest of the fix up, as well as going to gain significant cash flow.

I like starting in the Midwest because it's affordable and offers good cash flow. 

This successful flip highlights our ability to maximize returns through efficient project management and targeted improvements.

Fully rented, it would cash flow very well.

Do a cash out refinance now that rates are dropping to pull out enough cash to still cash flow.