How many days on the market is the inventory in your market been on?

In the severely depressed markets mentioned in recent articles the home price recovery, institutional asset managers have been buying-up the available inventory of single family homes 'in-bulk' hoping to succeed in the unproven institutional single family home 'REO-to-Rent Strategy'.

Plenty of inventory and activity in the rental market in Philly.

If the market you're making offers in is anything like most other markets (i.e. low inventory + lots of buyers and multiple offers), then I would say you have zero chance of getting an offer that low accepted on listed property.

I see at least a 15% profit on this deal.It's pretty much a trend in most markets right now, there's a big lack of inventory.

Inventory has been pretty scarce the last few months for the type of properties I usually buy as rentals so I figured I'd take a shot at the tax deed auction.

I advertised all the properties, so knew all the inventory for our office and on MLS.

Rents seem relatively high at $800+ per month for a 3bedroom in these areas.There also seems to be quite a bit of inventory since Florida is the #1 foreclosure market right now.

If the intent from the outset is to resell, then the property is not an "investment", it is "inventory" and is considered active business income, or self-employment income, as your accountant states.

As for predictions - I expect prices to rise and inventory to be short for a few years.