On the other hand.. many investors from California, are choosing to invest in the midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Most realtors can not get much loan due to nature of his un-predicable income as 1099 and have terrible credit score issues.

For someone who is going to be a hands own operator and rely on real estate as their full time employment in lieu of a W2 job, or foresees that transition at some point,  buying the entry level low barrier assets can serve a useful function.

This is dependent on the tenant segment.The above income requirements will not be met in low-cost properties.

I dunno but if I had to guess you're expenses are pretty darn low. 

Our credit scores took a big hit recently as we have been helping my son with his custody case, so we maxed out our credit paying for attorneys and all that fun stuff, then we had a late payment.

i'm in the 10-15 unit market around that price point also. i offer max what i think the bank will value the property at, based on my OWN noi analysis and the going cap rate for buildings like it in the area. i'll try to get a discount on top of that / seller credit if the inspection report is trash.

Run a credit/screening report on yourself.

. -$650,000 Renovation Budget-Stabilized Rent Roll $25,400-"As Complete and Stabilized Value": $3.45MThat's a recent MLS deal in a B+ Philadelphia location with a credit tenant that's been there for 20 years in the occupied commercial space.

I would like to hear from "PEOPLE WHO HAVE DONE THIS"  type of flipping / buy-n-hold, as well as the pros and cons of doing so.The first issue that comes to mind is where to get funding on a property with such low entry value.Coffee talk amongst yourselves and get back to me.