Let’s look at Indianapolis IN; (not my market, just using it since it is a popular place)  https://www.redfin.com/city/9170/IN/Indianapolis/housing-market for a median price of $250K That's the range you want to start out in, as a beginner.Then we assume 35% of ARV (After Repair Value) to do the rehab, holding costs, sales costs and profit.

🤔✅ Total Actives - 12,056, UP 6% year over year✅ Median Home Price - $585,000, FLAT year over year✅ Number of Sales - 3,312, DOWN 4% year over year✅ Expireds - 1,756 UP 27% year over year✅ Pendings - 3,476, UP 3% year over yearLooking at the final October numbers, no real shake up with the trends.At this time last year, we really started to see inventory increase.

Prices are mainly flat around the median price point.

If the new tenant can stabilize the household and meet the standards, it is worth trying.

With median home values supporting affordability and projected appreciation rates aligning with national trends, the state offers opportunities for stable cash flow in single-family rentals, enhanced by low vacancy rates and investor-friendly dynamics.If you'd like to discuss further, we are happy to help.

CAGR MLP is compound annual growth rate of the median listing price (appreciation)... 4BedCashFlowMonthlyLatest is using the realtor.com median listing price and the Housing and Urban Development "Fair Market Rent" (40-50% of observed rents) for a 4 bedroom living unit.

The Fair Market Rent (the Median Rent) as established by HUD in that zip code is $2,090. 

The US population is about 40 million people higher in that time frame which converts to (approximately) 15 million more households.

Here in New York (City and Suburbs), a 2 bed/ 1 bath apartment is on the market for about 1 month before being rented (Median DOM = 29).The time of year is also something to be considered.

Tenants are getting financially squeezed.With costs up across the board, I’d guess more people are doubling up, living with family, or staying put longer rather than forming new households.