Many of them don't have a lot of cash reserves if they're paying high mortgage, rent, have children etc. 

If rates did drop, that 3 year fixed period means their rate would automatically drop with it, so they wouldn't have to refinance if they didn't want to, but if they did want to (cash out refi made possible by a recession forcing more elderly people into assisted living facilities, thus driving up rents, and the value of assisted living facilities? 

For my OOS rentals, they're either in places where I used to live, or where I have family... not random markets I picked solely because the median price is low and the made up cash flow based on rosy assumptions is high

Purchase price of $76k if purchased with cash or financing, or $85k if purchased with seller financing.

Purchase price of $76k if purchased with cash or financing, or $85k if purchased with seller financing.

I am aware of the Sewage issue and i am aware that in this high interest regime it won't be a cash flow property.

Sounds like a cash out refinance would be a great option.

Also, if it's your first property and it's only four units, why are hiring away your cash flow right away?

Is it working only for cash buyers?

For 379k and it cash flows.