If the rental and your bank can bare it and it sets you apart then it is something, as an investor, I always consider. 

So the 1% is something I think about at the bare minimum for the deal to make sense.

I know how the title of this post may sound weird but bare with me.

@Connor Rice, 20% COC on just 3.5% deposit, with well over $200k of debt that barely pays for itself after you move out (needing to be paid out or refinanced after 6 years), with only about $10k supposed discount to begin with? 

Baring any major repair requirements, I expect the deal to go through.

I barely had to explain my strategy or what I was trying to do because he already knew. 

The woman responded to me with "I'd sell this house in 5 days if I could"So I got her contact information, introduced myself as a real estate investor, even though I barely know anything about this game, and told her that if I couldn't find a reason to buy it myself I might have a couple of people who would be interested.We have a phone call scheduled for later this week, so right now I am reaching out to anyone who might have any ideas on how to proceed.

It's usually someone who bought one, doesn't want to sell it and rents it out to get it barely cash flowing. 

The price was right, I was able to come into the deal with barely more than 10% down with a seller carried contract in place.

Always great seeing people in the local markets participating in the forums.