@Jonathan Twombly it is a 3 bed plus bonus room its around 1800 square feet. home was built in 2006 it is in a development with a pool.

I guess I'm here to learn some more and maybe develop some joint venture relationship's.Steve

We have been building in NYC since 1998 and over the past 3 years have pivoted to CM and Development work.  

It's nerve racking breaking from a "complacent" state that a 9-5 job develops in you.

My MAIN goals is to develop a network of Wholesalers, learn how to market for properties, and complete at least 5 Wholesale deals before the end of this year.

They like to see more skin in the game by the development team.  

Ironically, I've been developing my interest in real estate because I'm having a lousy experience right now.

CL was developed for local use and users/staff take that seriously.

It is meant for situations exactly like this.

Finally I learned more about it and realized that it's just a lack of education.So to answer your question, if you are in an area that really doesn't allow for cash flow, my assumption is usually one of two things: 1. the owner bought the property decades ago when it was cheaper (whether they meant to or not or even knew what they were doing), or 2. they are losing money at a decent speed.Although, with all of that said, the 1 and 2% rules are much harder to come by these days than they were even 2 or so years ago. 2% is pretty much out of the question unless you buy in the ghetto, but 1% is still decently doable in a lot of markets.