It's a free market. - You will finally get a tenant. 

Just like any of the investment strategies here in BP, they need to evovle as the market and housing landscape evovles.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Until the lease ends and then the legal notice time in your market has passed.

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

I have a lot of good information on the KC multifamily market that I can send you. 

I'd love to help anyone break into the Huntsville Market! 

But it really depends on how good your marketing is.

I am not in North Carolina, but I am in 11 other markets and would be happy to chat to answer any questions.

Purchase price: $77,000 Sale price: $85,000 Contributors: Peter Vekselman Partner Driven teamed up with Jamari Sprueil to secure this off-market deal in Decatur for $77,000.