My wife and I were supposed to close on a duplex today. Yesterday, the financing fell through. I found an off the market, gut rehabbed duplex that looked like the perfect deal. We were going to buy it for $270K and it...

in applicable markets? The market I'm looking at has 30k-40k priced houses that rent for $600+. Obviously some have bad credit, but that surely is not the reason why one would pay more to rent, is it?

Thanks
Fred

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