I have a half dozen years of experience renting out a few single family homes and am looking to bet big in a different market.

There is a Multifamily Market Analysis & Investment Webinar coming up July 26th at 4 p.m.

Springfield MA is a great market for rentals!

Look at their marketing strategy.

With that said, the buyer can still proceed with the sale if they are comfortable & able to overcome the appraisal gap and/or a solution is worked out financially between buyer and seller to make it feasible.So if appraisal gap is a concernBefore accepting:- Ensure the sales price on the contract is inline with market expectations. 

The growing Los Banos market and strategic location further enhanced its appeal.

Here’s a quick breakdown of your options:Option 1: Sell and Buy Cheaper House with CashPros: No mortgage, no interest payments.Cons: Older homes, more repairs, possibly worse neighborhoods.Option 2:Use Proceeds as Down Payment on Better HousePros: Newer, fewer repairs, better neighborhoods.Cons: High mortgage interest rates, higher monthly payments.Option 3: Refinance and Rent Out Mobile HomePros: Rental income, keep property, can still buy another home.Cons:Landlord responsibilities, high refinance interest rates, market fluctuations.Consider market trends, rental demand, and your financial goals.

The growing Jonesboro market and strategic location further enhanced its appeal.

Pros:- Many ways to invest and lots of different price points: LTR, MTR, STR (I know a couple of people doing STR but STR can be challenging) and different areas to invest- Diverse job market. 

However, finding these deals can be quite challenging if you are new to this market, as it varies street by street.