Expect to put down a high downpayment for financing through banks, probably in the 30-50% range down.Good luck!

In just the last 5 days BTC has ranged in value from a high of $94,380.26 too a low of $81,157.32. 

It’s also a challenge how wide the range can be on bids too, especially when you know the work doesn’t justify the numbers.

Hi All,I have a few properties with 30 year fixed mortgages in 6.5 - 6.875 % rate range which originated in the past 2 years and 2 properties with 15 year fixed mortgages in 2 - 3% range which were originated long time back with not a lot of principal left.

My target is the $80K–$125K range in landlord-friendly markets with steady job growth.

The city also has steady rental demand thanks to Ohio State University and a growing workforce, and you can still find properties in the $120K–180K range that cash flow and hit the 1% rule, which makes it attractive for both long-term and mid-term strategies.

No obvious structural issues from the listing, but the age suggests surprises are likely.Rehab Budget: • Low estimate = $50K (light updates) • More realistic = $75K (new kitchens/baths, flooring, paint, code updates) • High end = $100K+ if major systems need replacingRents (CMA comps): • 1BRs: ~$1,400–$1,750 each (https://prnt.sc/RMm854WPuPdk) • Stabilized Gross Rent: ~$4,200–$5,250/mo (~$50K–$63K/yr)Cap Rate: ~9% if rehab stays in the $50K–$75K range, falls closer to 7–8% if it pushes past $125KConstraints:FHA 203k requires me to live in one unit for 12 months, so only 2 units would generate rent in Year 1.With 2 units rented, cash flow looks negative (~–$600 to –$900/mo).With all 3 units rented after Year 1, cash flow flips positive (+$600–$800/mo) and grows with rent increases.My Question:For anyone who’s done a 203k or similar triplex rehab — does ~$75K sound realistic for getting this building into clean, rentable condition (floors, paint, kitchens, baths, basic systems)?

In Kissimmee, that's already happened.  9br homes in Champions Gate were $900k+ a couple of years ago, now available in the $600k range or a little bit more with theming already done.With prices dropping a lot, the returns relative to gross revenue are starting to look attractive. 

[Source: Board of Governors of the Federal Reserve System (US) via FRED®]Assuming the spread returns to its pre-COVID range, and the 10-year in the low 4’s, my guess is that the 30-year mortgage rates will likely remain above 6%, though somewhat lower than today’s, for the rest of 2025.I have another consideration for investors who are waiting on rates to go down.

They have down payments that range from 3-5% and they work on all residential types of properties, although some Florida condos can be very difficult to finance.