Besides even though the houses in these markets are lower, so is the rent.My husband works in construction, so buying a house here has the pro that a lot of the renovations he can do himself.Also, we are supposed to have a recession within the next 12 months.

Its a cabin, rustic, just the way it's supposed to be.

Or is this how it’s supposed to be ?

In addition to this, as I understand it, you made no provisions to keep utilities on at the house from June 30 - July 12 during a humid time of year (note: new tenants were supposed to have these turned on, which I learned is not a good plan because it delayed the cleaning).

I doubt that you'll be taken seriously, but you can essentially continue to contact the seller until they block you I suppose.

I over bid just to be safe, and he was supposed to submit it that day, and call the seller at my request to say we were putting in a bid.

Suppose you earn $3,000 per year on cash flow and in 10 years you net $30.000.

I suppose the home location that could work would be my parents home which serves as my secondary home.

To each their own I suppose.

Most of those people will invest off cap rates because that is supposedly based off NOI or income minus expenses.Most times brokers/sellers will completely BS the Income and expenses to get whatever NOI or Cap you want.