I recently bought a duplex worth significantly more than what it originally sold for. The home is in a relatively decent neighborhood, and the tenants are all new, pay all utilities, and are punctual with payments. I recently had it listed at a prize that was more than fair based on comps, taxed value, and adjusting for realtor fees, but it has been well over eight months since I've listed it and the pictures were re-done two months ago. I don't use cap rates because they are deceptive, but even with a proper loan, with 0-20% down, an investor would be able to offset all costs from one unit alone. Sounds like a great deal, right?

I live in Rapid City, and I feel like the market just isn't big enough to find potential investors. I don't regret the purchase, because it is a sound buy-and-hold strategy, but I prefer flipping homes, and while this was a "light-handed" flip, I don't want to hold on to a project for longer than four months. Does anyone have suggestions that would help make the house more appealing to the limited pool of investors in the area? The competition is quite low, and the home is priced lower than most. Unfortunately some of the investors I've spoken to have this mentality that "the best deals aren't listed", which is a ludicrous idea to me, because no one is exactly going to call you to an alleyway pulling a house out of trench coats, but nonetheless, I'm curious as to what the biggerpockets' community thinks of this situation.