If you're considering buying another property in couple of years, cash flow is going to be tough with higher interest rates and higher prices anywhere and in my opinion focusing on cash flow will lead to some bad deals (I can attest to this along with many other California investors who buy in inexpensive out of state markets). 

Are you planning on getting this leak rectified within a reasonable time frame or is going to be leaking for a while? 

I would offer it to him with a specific timeframe to respond.

The ski bums types (I use this affectionally as this was me) They are fairly transient and stay for a shorter time frame.

Some of our clients sell their portfolios in expensive markets like San Diego and reinvest (via 1031 exchange, or in your case it's not necessary) elsewhere.

I'd be fine with it as long as they are paying close to the STR rates.Cuts down on your work for that time frame.

I now know what to expect and how to make an offer, which I had only read about previously.I haven't heard back from the seller yet...wondering what the typical time frame is for that?

.- this would impact large brokerage in expensive state like CA for sure.- but i think at the end it would create more and more local brokerage and reducing nationwide brokerage like re/max or exp or compass.

Maybe this is why I have heard on the podcasts that you must be careful investing in inexpensive homes in that 30-40k range.

@Sharma Parth3 months is a very short time frame for a BRRRR.