Red flag #1.As I asked more questions about the business Randy wanted to set up a call for me to talk with Joe Cucchiara, which I declined.

Keep your eyes open for a good deal, know your rough numbers, and when something fits your criteria act fast and don't be afraid to offer a little more if it will still work out.My girlfriend and I have been looking for a second property to make our primary residence so I can rent out the 2/1 I bought 2 years ago.The way I figured my numbers was since we're buying it as a primary residence we'll get a decent rate, and we'll have to live there for 2 years, so I figured if we find a property between $220,000 and $250,000, month payment will be ~$1450 month, and rents in my area for a 4/2 (the size we were looking for) are around $2000 a month, so I determined with about 2-5% rent increase each year, that rent will be about $2100-$2200 a month.Eventually we found a 4/1.5 1202sqft house listed FSBO for $224,900 and immediately knew we had to jump on it, got out to view the property the day after it was listed, liked it, so we asked the seller if they had any offers, he told us he has 2, and they were no more than his asking price, so we offered $230,000 that same night, and he immediately cancelled all other showings and declined other offers, a day later we were under contract.5% down, 3.99% interest, $1431 a month everything included, with potential to rent for $2100 a month in 2 years when we are looking for a new primary residence.Know what you're looking for, know what numbers will work for you, and don't be afraid to jump straight to action when you see a deal you already know will work because you know your numbers.I wish you great luck Scott, and I hope you can find the perfect deal that will make the search worth it!

Additionally, the enticing sales incentives provided by many builders, such as price reductions and mortgage rate buydowns, are steering prospective homebuyers towards considering new construction for their next home purchase.In the period spanning from September 2022 to August 2023, Pending Sales in the Charlotte region witnessed an overall decline of 20.8%.

If you find the population is declining, that would be a market to avoid.

These properties are often in declining inner cities or extremely rural areas.

My guess is their take out declined once the file was complete.Happy to help you with an alternate point of view.

Rates should be starting to settle/ decline by then. 

(When they go back up after a Prop 8 decline in value, they're not restricted by the 2% per year cap.

- Did you see a decline in tenant demand with Covid?

Cincinnati has had a steady population for quite a bit (NOT declining) and many cash flowing properties. 250k cash can get you far here.