The cost of entry is low while the cash flow is high

But, it also means more work in managing, tricky loan processes, higher start-up costs, and the risk of market changes.Lubbock, with its high need for rentals and low-cost living, is a top spot for duplex buyers.

Now, consider some solutions: submetering is an option, allowing for individual usage tracking, but be cautious about upfront installation costs and regulations.

Operating costs are known and everything is new, so reserve levels are usually tiny as there is a long time to build them up before they need to be tapped. 

I'm looking at a low cost of living area that's plagued with a housing shortage. 

What does it cost a family of 4 to go to Disney for a week?   

The HOA has the power to force the radiator be fixed.

So many new investors that live in high cost of living areas look to the midwest or other cheap areas to invest. 

If you don't pay they have the power to foreclose and also to force payment thru a judgement if you ever sell the house.

This is especially true if the property requires significant upkeep or if the heirs live far away.Owners of Distressed PropertiesSellers who own homes in poor condition and can't afford the necessary repairs may prefer to sell as-is rather than invest time and money into renovations.Landlords with Problematic TenantsLandlords who have been dealing with problematic tenants, frequent vacancies, or costly property damage might want to offload the property quickly to cut their losses and avoid further hassles.Owners Facing Major Life ChangesSignificant life changes, such as health issues, retirement, or downsizing, can motivate people to sell their property quickly.