It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.

The prices of homes in the Mt Orab area are selling at a high price in my opinion.

Amidst a significant downturn in commercial property values, private investors (particularly high-net-worth individuals and family offices) are seizing the opportunity emerging as the dominant force accounting for 60% of deals over the past two years.

Look at areas with high rental demand, possibilities for capital growth, and properties that fit investment objectives.

I have to say, it seems to be holding water. ;)

Also I don't think I would qualify for a loan that high and even if I did I would be burdened with crazy high monthly mortgage payment even with a tenant paying rent.

The demand is pretty high especially if you are near Hospitals and Military Bases.   

Tesla is building a semi truck factory and multiple data centers are bringing high paying jobs and diversifying the economy.  

Real estate pricing is based on demand and desirability so very cheap properties are often money pits with high maintenance and high vacancy.

They'll probably think it appraised higher but I personally wouldn't want to muddy the water by having that appraisal hanging over the negotiation.