If the investor's opening bid is the only bid, then that is the market speaking regarding the value of the house being no more than the liens.

Quote from @Cesar Garcia: So I'm thinking of purchasing a house out of state since my hometown market doesn't make much sense to purchase in. 

I do not know if your area has any rules against this for SFR but what we have done in the past from a marketing POV is to only bill 75% of the cost so that the tenant feels that they are getting a better deal than individual meters.

@Jagan Reddy Welcome to the Memphis market!

If you come across off-market deals and we're still not connected, please shoot me a message.

Be aware that it is a hot market in PR (still hot) and sellers shy away from offers that are not all cash. 

Im a South Shore guy and the market here is nuts right now. 

You should always raise your rent if your market supports it.

Hey @Noah Yashinsky, South Florida is more of an appreciating market rather than a cash flow market for long-term rentals.

Taking it a step further in the Phoenix market, I'm willing to pay the Roam fees (1% of purchase price)for my buyer out of the buyer side commission.