That tell you that if you are not getting any leads... to..

So, if you buy at $80K and put $40k into it, you lose money at an ARV of $120k You will have to buy at $30k to $40k to make any money on it.

REMINDER: Even when you make a deal with a non paying tenant to always continue the legal process in tandem.

It looks like you are in Buffalo, NY as am I.

How did you find this deal and how did you negotiate it?

How did you find this deal and how did you negotiate it?

Here are a few simple and free ways to learn: Go to real estate meetup groups, attend open houses and speak with the agent there, inspect FSBOs (for sale by owner), walk your area, and speak to people tending their yards.The idea is to engage with other people and ask, Ask, ASK questions about their experience with the local market.Some other ideas: find a home inspector who will let you tag along in a property inspection, and absorb what they are looking at and why.Your mindset and enthusiasm for learning about real estate will open many doors for you.Good Luck!

Do you think that could lead to a price correction or just a plateau?

What made you interested in investing in this type of deal?

If you get a little further out from LSU, you can probably buy in the mid $200k range and cut $200-$300/month out of that.