We have had a few investors invest in our neighborhoods at the advice of an unscrupulous realtor who also was to be the property manager.

The fact of the matter is when it comes to buying a home, people would often times rather choose a house they can customize rather than a house that comes with a history, unless of course if it is a classic style home that is hard to find and even more difficult to duplicate.

Maybe you should explore other ravenues.Also - I was looking at lots of multifams as well and found almost nothing would cash flow, until I started looking at low end neighborhoods.

I understand your frustration but have you looked to see on average how long it takes to sell a house in your neighborhood...the other possibility is that the price is too high...those are the first two things I would look at.

It's in a bad neighborhood.

In many cases they're easier to manage than multi-family and leases can be much more attractive to investors as many times you'll find NNN style leases.

He wore pants, a casual type shoe, and a polo style shirt.

And you go out and buy a old dump of a house but in a nice neighborhood.

So, I drove around the neighborhood looking for other homes for sale hoping to get a price range.

NO EXCEPTIONS.The house has a very high efficiencey A/C, extra attic insulation and solar reflecting screens on the windows to keep YOUR utility bills lower than the neighborhood average!