Entry point for multis is still on the lower side compared to other markets that have easier access or proximity to strong employment markets.  

Since this was purchased during the Covid-19 pandemic, the price was much lower than other houses in the neighborhood.

Moreover, Kentucky generally boasts lower property taxes and insurance rates compared to many other areas in the country. (2020) #3 Cities with the Best Work-Life Balance, SmartAsset, (2018) #3 Best City with the Highest Salaries and Lowest Costs of Living, GoBankingRates, (2018) #1 Most Affordable Cities for an Early Retirement, SmartAsset#3 AppreciationLexington stands out as one of the few cities in the nation with an Urban Service Boundary (USB).

I have now entered this criteria myself into ListSource and I got a significantly lower lead count than any of these sellers. 

It seems like because the rent is on the lower side.

Further you go from the beach the cheaper the property, but also the lower the occupancy/ADR. 

I own a recently renovated duplex in the DTLA/Westlake area and I have been searching for a local property management company with experience in lower-income, multi-unit zoned neighborhoods.

We were looking for something with a little lower barrier to entry and had the cash to buy this deal.

Because I was willing to walk away from the deal and had no emotional attachment to the house, I went back and forth on the price settling at 10% below their lowered price which was a total of 15% below the original asking price of $1,099,000.

The building has a flat roof also so the attic units would not look much different than the lower units.