We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

My strategy is to invest in markets with strong future appreciation potential and areas where population has been consistently growing with some cash flow.

Baldwin County has two main areas that I would look into:Daphne-Spanish Fort-Fairhope areas and the beach areas of Gulf Shores and Orange BeachThere are also multiple areas of Mobile that make for great appreciation plays:Spring Hill, 36608MidtownWest MobileSaraland is right outside of Mobile and is growing rapidly as well

I would recommend vetting the inquirer first, but yes, we always provide the address under these circumstances.

We do exactly what @Bonnie Low is recommending and it works for us.

For those recommending agents, in our experience, +95% of agent only know how to deal with owner-occupied transactions.

Given your situation and goals, here are some strategies to help you take the next step and grow your portfolio further:1.

It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.Alternatives NearbyIf you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential.

We are very flexible and would highly appreciate any suggestions or recommendations you might have!

Additionally, the management of a bigger property does not linearly grow -- what I mean is that a 12-unit building doesn't require four times the management of a 4-unit building.