I see three different options:- Some women use their charm to "sweet talk" men.

The neighborhood is charming, I'm staying in a lovely Airbnb there right now and the latest comps were $150k & $199k.  

Third time's a charm.

Everyone, myself included, are charmed by tiny houses, but they really only serve a specific purpose for a very small segment of the housing market.  

Amazing water or mountain view, privacy, excessive charm, romance, hot tub.

There are really nice "historic" homes that have been updated and kept nicely and then there are small, "newer" homes that don't have the charm.

Its the same thing in cheap markets were they sell say 130k new construction.. those deals usually have 10 to 15% gross margins so they are making 13 to maybe 20k if they are really lucky net profit but getting good leverage and pumping out 50 in a year.We will build about 40 homes this year.. so while we don't hit homeruns we make it up in volume and god willing the market holding and the star's aligning and every other lucky charm we can pull .Like @Will Barnard even though it was an outlier for us we did a 5 million dollar flip and made 1.5 on it.. but that was not something we could recreate .. and I don't have the stones to do that these days.. with my cheaper homes I know my bank will let me make them into rentals if they don't sell and with the rents the way they are they would cash flow or be a tiny bit negative as we rode out the market... 

Noticed the seller had some significant inefficiencies in his management structure that were suppressing his NOI.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $552,000

1904 Craftsman on a street that dead ends into a park, right next to the future light rail station. Will need ...

At 1200 sq. ft. and mostly original, this home has that old-school craftsman charm, but will need to have the 800 sq. ft. garage converted to a DADU (detached ADU) to have great cash flow.