This minor dip suggests there’s a bit more room for negotiation.Median Time to Contract: Homes are taking longer to sell, with a median of 35 days to contract compared to 26 days last year—a 34.62% increase.

I bought my first place when I was your age and in grad school because it was cheaper to pay a mortgage than rent.

But it can a good area for cash flow because rents are high in comparison to house prices and seem to be stable.

Would sec 8 decrease the rent to the calculated fair market value of rent or at worst case scenario remain the same and sec 8 decline the increase?

You will need to learn how to run comps, figure out what rents are in the area and build connections to PM's, GC's, etc. 

Especially if you're doing rent by the room.

Even just an accurate rent estimator would be huge.

Hi All,I am planning to invest in a house where rent vs own ratio as below:Rent 16% & Own 84%Is this a bad thing that there is only 16% of the people renting or is this a good thing as there is less people who rent so quality of tenant will be high ?

You may also find certain markets where alternative rent strategies (MTR, STR, rent by room, etc) produce enough extra income to justify the increased work involved but the difference in income from the different rent strategies in many markets is just sufficient to justify the increase in effort involved.$100k is going to be challenging in coastal CA cities.  

Has some kind of lung issues and his wife had dementia and was in the hospital so he rented out the place to be close to her.