It’s going to see growth and included in that is “affordable housing”.

It might be tough in your environment just because rents are so high, so maybe look in a community just outside of where you currently are to try to find something a little more affordable.

I’m consistence and diligent, spending 30 minutes looking for deals on MLS that I can afford to pay cash.

I am worried that after the offer gets accepted, the appraisal value might come in significantly lower than the contract price.I understand that discrepancies happen, and I’m not concerned about a small gap (10-20k), however, if the appraised value would come in significantly lower (50-100k, or more), then I would simply not be able to afford this property (given my then lower down payment, and worse mortgage interest rates).I am wondering if anyone has any experience with what happens in such cases?

While I have properties in Colorado Springs, I am also looking at Pueblo as the cost for property there is lower and many who could no longer afford prices in the Springs have moved south to Pueblo.

I'm flexible on most parameters (exact area, number of units, amenities, rehab vs turnkey), because affordability will be the main factor.

Can you afford that?

@Randy D. as long as you're not over-leveraged and can afford it, having multiple irons in the fire is never a bad thing.

It can be frustrating waiting on a reply or a call that will never come, but it's also pretty low effort and easy to do en masse.

Cities like Indianapolis, Cincinnati, Columbus, etc. are really stable markets with great rent growth and affordable investment opportunities.