if he bought pre-pandemic then yes they will cash flow.if I were you I'd look at Allentown - closer to NY, higher median income and only a slightly higher price point.

Looking for a rental after 13 year, he may be in a bit of shock at the rental prices, but that's his problem.As for damage deposit, you can only keep money for damages that you know he did (ie anything since 2022). 

It will then adjust your pricing based on demand.

And I'm not just talking about the crazy high prices. 

Purchase price: $175,000 Cash invested: $5,000 I invested in my first condo to live in Minneapolis in January 2022 (fresh out of college).

Working on an opportunity to acquire a property with an existing FHA loan. 

"Good" doesn't mean cheap, "good" to me, means reasonable prices with quality finishes, good time management, adequate experience and no cutting corners.

Everything is a balance of looking for new opportunities and not getting shiny object syndrome.

Code Violations – Typically means that the property is too much for the owner to deal with and they welcome the opportunity to get the problem out of their life.

I’ve found a range of properties at $300k and above.With that said, the metric formulas that use the purchase price, would this be $50k or $350k considering out of pocket was $50k?