I can sell for $100,000 more than what I paid.The city I would like to purchase rental property in is more expensive than where I currently live.

Rental income/collections are strong at 100%, but cash flow can be choppy with capex/maintenance along with timing of expenses like when all my prop taxes are due.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you win a bid, you are inheriting an expensive headache, a safety concern, and a tax liability. 

Anything lower than 6 would be an indicator for higher-than-normal home price appreciation in the next 6-12 months.This is why even as interest rates increased at the fastest rate in 40+ years in 2023 and have stayed at that level, home prices have continued to appreciate.The media has been calling for a real estate crash for a while now and it hasn't happened and most people can't figure out why. 

But for a loan in a good city to approved i think it has to have income to cover the mortgage and the expenses. 

An opportunity for the lower credit score folks.

Our living expense needs are pretty well handled by Social Security and pensions, so there is no crisis at hand.First unit is a $410k listing with no mortgage.

Many of the properties in more desirable areas (and higher potential for appreciation) would allow me to pay just about the same that I am renting right now after considering every expense under the sun (PITI, vacancy, PM, capex, maintenance, etc etc).

The one event they had in Dallas a few weeks ago seemed to have a lower turn out than previous years.