Worth noting that rising rates are diminishing buying power on a regular basis.

Many of these places have declining and aging populations and hence a diminishing tax base. 

Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.

You receive diminishing returns over time and you’ll find the best value in doing things that are concretely moving you toward your goal.

I graduated with intentions of going into OT, but quickly realized after graduation that the passion had diminished and I could no longer pursue a career that my heart was not fully in.

The lenders I’ve found only offer a 20yr amortization, which greatly diminishes my cash flow.

This would leave you 15k "equity" that would quickly be diminished with closing costs and agent fees.On the other hand 20-30k into rehab then rent simply comes to your ROI on the rehab and increased rents!

Its not uncommon for sellers to inflate income and diminish expenses.

There is also a tax deed sale in some counties, this is a direct ownership sale and usually is the bottom of the barrel properties imo.There is still opportunity at these auctions but the lists themselves are diminishing in size each year and the bidding has become ridiculous. 

Experience is the best teacher, yet learning from other helps diminish the pain at times.