As a broward county investor, I'm not exactly expecting a boom in prices over the next 3-5 years. 

Purchase price: $360,000 Cash invested: $40,000 Purchased this single family home last year.

Obviously, if I'm trying to comp a property and Propstream gives me stuff with sold prices and ARV's from 10 years ago, that doesn't give good comps.

@Steven Catudal- LLC with detailed operating agreement- Bham has tons of Sec8 opportunities.  

So when you see that less expensive price tag on a manufactured home (in comparison to a similarly sized- and priced stick built home) please remember that your monthly payment might be more expensive.

I’d also look into using an FHA 203k renovation loan, allowing me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

Have prices dropped?

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

This is in the east side of Buda in 78610Property price is around 340,000 and the monthly payment for 80% mortgage at 7.125% with property taxes (2.32%), HOA and Insurance comes out to around 2,600$Rental comps suggest around 2200$ gross monthly rent.