Buyers are being pickier than before, but with less inventory. 

On my market what's driving the prices and fats DOM is high demand and no inventory.

Building new makes sense when inventory is low and you can build cheaper than you can buy.

The Collateralincludes the following property that Borrower now owns or shall acquire or create immediately upon theacquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a)inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangiblechattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, includinghealth-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j)general intangibles, including payment intangibles and software and (k) as-extracted collateral as such termsmay from time to time be defined in the Uniform Commercial Code.

I like 3 bed (to max out rent) semi detached (tons of inventory) for that price and they will cash flow quite nicely. 

There are also some methods you can use to find deals on the MLS but inventory is tight in most areas so you need to go direct to seller. 

Inventory was down in Austin slightly compared to this time last year at 1.6 months.So, despite the pandemic and shelter-in-place orders, April 2020 continued the familiar overall pattern in the Austin metro of low inventory, high buyer demand, and rising home prices.

(I think due to property taxes versus state income tax and DFW's low inventory.)I typically count on cash-flowing $200-$300 a month.

We are seeing now less inventory than we did pre-covid and the squeeze is pushing up prices!

So let's get to it...SUPPLY AND DEMAND LEVELSBelow we have two charts that illustrate the level of SF inventory in Dane County.