Still deals to be had but also people way overpaying.My friends that have millions to tens of millions are cautiously investing right now and buying only when the numbers are right and then growing liquid money waiting for the next downturn.

Lots of time on the airplane to decompress and realize just how attractive 70K in the bank looks as compared to all the work they are currently doing on the way back to phoenix .

Hey @Theo HicksHere's my take the numbers are okay but if you have 500,000 to spend in Cincinnati market you could buy 6-7 turn key sfh or smaller 4 units and not have all your eges in one basket plus norwood is not the easiest place to deal with and depending on the side of norwood you have to be careful of the drug usages and the type of tents you will attract .

Explain what you do and ask if that broker might be willing to help you find another deal like that one.Other times, real estate agents and FSBO investors create a "faux" listing in the hopes of attracting buyers.

Thanks a million! 

That's the million dollar question.

Once we had the property, however, it was easier to go get two other private money loans from friends and family that funded a renovation and attracted a new tenant.

You want to be really careful to not over improve, but if you can get them looking a little nicer than the surrounding properties, you can attract better tenants.  

I think every business casts a wide net to attract customers and then weeds out the ones who cant qualify.Look at the car business they must have 5 or 6 loan tiers .

The location and property type  will likely attract a difficult tenant profile.