You see people craning their necks for 2%, wherein the 1% range is more realistic for most of the country.

However, that is not the scope of this article and is generally not in the range of a typical real estate investor’s risk profile.

I also know of a few investors looking to unload entire portfolios in the area ($1 mil+ range).

If you have access to a HELOC on your house it would be a great way to be ready to write a check, under market value, before they start marketing it through a realtor.I live in a little bit more upscale neighborhood, but if there was a market for rentals in that price range I would buy every house in the neighborhood when it came available.

That's such a wide range and it's a little further from where I'm actually purchasing if that helps at all?

Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).

Which would force me to also update the building to get FMR otherwise I'll have to consider renting out for $200/room and that is not very profitable and I think there's a time where it's just too cheap.I think the sub 400k offer is a solid one and I'll have to stick to that 350k range or pass on it. 

Respectfully, explain to the squatter that you now own the property and you would like them to sign a lease or give them $500 to leave the property. 1.

So my local markets and the surrounding markets are completely out of my price range.

I don't want to necessarily say fun, but perhaps rewarding in paying that kind of respect to architecture and aesthetics by bringing an old home to life and then passing it on.