The asking price for the home is 132k.OPTION 1 – Cash After Repair Value = $132,000 (estimate)Discount 80% of ARV = $ -26,400Repairs (Price per square foot) 1,190 x $5 = $ - 5,950Cash Price (seller pays closing cost) = $99,650OPTION 2 – Sandwich Lease Option – “Perfect Tenant Program” Term: Minimum 5 yearsOption Price (buyer pays closing cost): 125,500Option Consideration (non-refundable fee we pay you): + $500Monthly Rent: $950 (profit + $100 cash flow per month)Total profit (If completed full term): $132,000Note: We are the tenant-buyer, but we will sub-lease the house to another tenant-buyer.

Once perceptions of locals change for Frogtown the prices will go up quickly.Unfortunately the current interest rate increase from the fed and the 4 more expected increases may put a damper on MF properties in the near future.

Homestead properties are capped st a 3%/yr value increase, along with a $50k exemption.

I personally don't take votes into consideration much as they aren't a true reflection of your contributions.You can post incredibly valuable content to help other members and they still may not vote for your post.This doesn't make your post/insight/information any less useful it just means they didn't click the little button.There are plenty of people like myself with higher posts than votes because we interact a lot with others on BP.I can't expect to get a vote every single time I reply to a conversation I'm having with someone in a thread.

I understand there is a shortage of supply on the market in many of the areas but can we continue to see an increase in prices within the next 2-5 years and are these prices sustainable? 

Most of us always look at an income based analysis anyway, but the banks will take this in to consideration for 5+ units.If you are looking at 2-4 units, it can be trickier.

Plus, you have an increase in liability the more people/stuff you have on the property.

Increase your networking with and marketing to local absentee owners who manage their own properties.

Eric Hassfurther I used to live in DFW and if you buy there just be aware of the Miller property taxes and increased chance of hail damage as well as the common foundation issues.

Or try out the "blue sky" rent increase to earn $200 more per month?