The Days on Market (DOM) figure for single-family homes fell from 51 to 29;Total property sales increased 1.6 percent with 11,285 units sold;Total dollar volume rose 16.9 percent to $4.0 billion;The single-family average price increased 13.4 percent to $372,408; The single-family median price rose 13.3 percent to $300,000; Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.Townhome/condominium sales rose 11.7 percent with the average price up 12.1 percent to $240,994 and the median price up 17.6 percent to $210,000;Single-family home rentals fell 8.2 percent with the average rent up 9.0 percent to $2,115; Townhome/condominium leases fell 1.8 percent with the average rent up 6.3 percent to $1,793.Source: HAR

As for possible cash flow, I have looked around our area and the rentals cover a wide range of prices, so I'm unsure how much we might be able to pocket.

There’s plenty of inflation and zero inventory.

The experience is amazingly wide ranging. 

The market has been crazy here and the inventory has been so low that most property sell within days, and usually above asking.What kind of property did you have in mind ?

We have already been in touch with numerous real estate agents and are going to be able to find a house within this price range.

It's got enough room to store his inventory, has a toilet and sink.

Somewhere in the $500 - $1,000 range, I'm guessing.

-The Days on Market (DOM) figure for single-family homes fell from 51 to 29;-Total property sales increased 1.6 percent with 11,285 units sold;-Total dollar volume rose 16.9 percent to $4.0 billion;-The single-family average price increased 13.4 percent to $372,408; -The single-family median price rose 13.3 percent to $300,000; -Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;-On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.

The house overpriced and at low inventory.