The former is valued based on the income approach and the latter based on comps. 

Here, in South Florida, at least 40% of distressed homeowners have values less than the mortgages.

We'll have a third next week.Even though we're raising the rent, it's because they're substantially below market value.

A contract is legally binding when it has the following elements:1.Consideration - An exchange of value between the parties.

If you had more equity towards the market value of the house and rent was all profit, it may be a different story. 

All of Chicago is not falling to pieces with crime.I'm happy to connect, understand your goals, and see if we can add value to your plans.

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

Cash and Crowdfunding How did you add value to the deal?

I prioritize the long-term appreciation of the asset over the immediate value of the deal.

However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.