If you have access to a HELOC on your house it would be a great way to be ready to write a check, under market value, before they start marketing it through a realtor.I live in a little bit more upscale neighborhood, but if there was a market for rentals in that price range I would buy every house in the neighborhood when it came available.

That's such a wide range and it's a little further from where I'm actually purchasing if that helps at all?

Which would force me to also update the building to get FMR otherwise I'll have to consider renting out for $200/room and that is not very profitable and I think there's a time where it's just too cheap.I think the sub 400k offer is a solid one and I'll have to stick to that 350k range or pass on it. 

So my local markets and the surrounding markets are completely out of my price range.

I am looking to do flips in the 160-300k range. 

Heaven forbid, but how many projects that won't cash flow or don't produce decent ROI at 4 or 5% will cash flow or produce sufficient ROI at .5 or 1% interest?  

This is known as the self-sufficiency rule.

If you want I can put you on my buyers list and shoot you a potential deal in your price range whenever I come across them!

If you want to buy and hold, and you aren't finding satisfactory properties in your price range that will produce sufficient cash flow, go East and perhaps a bit North too.

Here on, I am looking to build a solid buy and hold rental portfolio.I was thinking of buying a SFH in 100k range in Tacoma area.