For flippers, it’s about having enough spread after ARV, holding, and closing costs.Story: Location, tenant profile, and condition all matter — but they’re usually what explain the numbers, not what drive the decision.If you’re sourcing consistently, the best way to win buyers over is to get really good at running a clean analysis (purchase price, rehab estimate, ARV, exit strategy).

Any heuristics or “deal breakers” that have stood the test of time for you — regardless of macro conditions?

Lately, I’ve noticed some owners still holding onto the 2021 market mindset, hesitant to adjust strategies to today’s conditions.

I would want an itemized bid or what exactly they did.

I have picked out all of my own buys Sometimes I get there and have to pass based on the condition of the piece. 

Hey Alex,We’ve been through this exact decision with other investors, I have pondered many times over and have done it both ways—here’s how we usually break it down when there’s a paid-off rental, tenants who might buy later, and plans to use equity for more deals:1.

.- Conventional financing, aiming for something in good condition (or turnkey) so I can start renting quickly without heavy renovation.- My goal is to keep monthly cash flow in the positive while building equity over time.What I’d like to hear from locals:- Which suburbs have been performing well for rentals and attracting steady tenants? 

But numbers on a screen don’t replace:Negotiation leverage – A seasoned agent knows how to structure terms, not just price, to win deals.Boots on the ground – Someone has to physically verify property condition, meet inspectors, and ensure you’re not inheriting hidden problems.Local market insight – Zillow comps are not always accurate.Transaction management – Coordinating title, contractors, appraisers, tenants, and property managers takes systems and experience.For out-of-state investors, paying an agent’s fee isn’t just about MLS access, it’s about protecting your investment, avoiding costly mistakes, and maximizing ROI.

Quote from @Carlos Carlos Jr: You have to have MLS access, it is information that maybe seems a little antiquated; however, it is the most exact information you will get on the comps and it will water everything down.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.