This is the classic strategy of offering cheap and then wholesaling the contract or getting it at a deep discount.

Hey yall,I’ve got 2 properties in the west end (both SFH, 4b2ba currently rented to section 8 for $1391, and 4b1ba I just finished rehabbing).Granted, I know it’s a D class neighborhood, the new property I’m trying to rent out is taking a while.I’d love to get other people’s experience of the market right now (Louisville doesnt get much love on the forums), but at least in the west end, finding tenants seems pretty tough tight now unless you’re offering a full rehab with a cheap price.Other thoughts:- My property manager has had multiple showings, but it seems like Section 8 has completely dried up.

His strategy is to buy CHEAP properties for $30,000 sell them for $79,000.

There are many properties that make sense numbers wise, but when you walk through them you really understand why they are so cheap.

Quote from @Andrew Steffens: A fast, easy, and cheap way to increase occupancy: Have a pack and play. 

And then have an escape clause in case “much less” isn’t cheap enough. 

Until you have more than 20 properties Quicken (quickbooks little brother) is cheap, easy, and overkill…

Not all cheap homes will sell easily. 

My rental has 70% appreciation since I bought it but because it's in the Deep South and cheap I could get max $170k and the mortgage pay off is $97k.

And if you look me up on social you find out that I travel a lot and not exactly cheap.