I am not referring to a couple hundred a unit but a multiplication factor of that.Two recent national surveys both indicated it was initially cheaper to rent than to own in virtually every large city market in the US.I think it is a poor time for most people to buy.  

I've been told to quit claim the deed, but after some research I want to avoid that as it might indicate issues with the title.

Not only must the rehabber buy at a substantial discount, but they must also control all their costs and the duration of the project.We run the numbers in detail before we make a loan and we won’t make the loan unless these indicate a fair profit, which we define as 12% to 15% of the ARV.

I'm glad I missed this "opportunity" They had stuff in Philly that was not even permitted and rented and that they  indicated were occupied with tenants.

@Elizabeth Seiferth One of the most important things you can do is look at the past social media posts of a CPA you are considering and look at the content as well as the other professionals interacting and replying to what they have to say.If they are adding value with their messages and other professionals are concurring with what they have to say, that can indicate the level of service they will bring to you as their client in most instances.Speaking as a CPA who lives in the Midwest but works with clients nationally, I can definitely say that the physical location of your CPA has minimal bearing over their jurisdictional knowledge.  

Hi All, About 6 years later I noticed Deed (after someone pointed to me today) in county clerks website company name indicated wrong (instead of xyz llc it was abc llc)"What corrective actions I have to make on this issue.

I would definitely have offered lower rent if they would have asked- but when I did the walk through with them mid April- they indicated they were staying, so I didn't offer to change anything. 

Until you can confidently verify your comps with nearby recent sales, it’s best to stick with the conservative estimate of $500,000 when making financial decisions.The purchase price of $240,000 seems fair, especially since the listing agent has indicated that this would secure the deal.

Including Chicago.One thing I personally believe is investors get blinded by their stupid return calculators and only focus on the end number without taking into account RISK being location risk societal risk age of property risk  and condition risks.I have one tidbit of advice for OOS folks.. figure out the median price point of a the MSA you want to work in .. and buy at that price point or higher.. this generally indicates decent schools and decent rental pool and owner occs instead of buying in areas that are basically 100% tenant occupied or are quickly de gentrifying that way.Also understand that positive cash flow after all expenses is not money you spend its money you plow back into the asset..

There was a slight increase in 2024, but 2025 projections indicate that the decline is continuing.But jobs are growing.