I would make sure the property in a desirable area. you can try negotiating.

This is the desired target brrrr market.  

I think that the vast majority are sincere in that they desire independence, wealth accumulation, status and are willing to work for it.The problem as I see it is that almost all these individuals lack education and experience in business, so they tend to be easily misled by the hucksters, promoters, and braggarts pushing the narrative of no experience, education or money needed for success in these endeavors.

My guess (no guarantees) is you'd do even better in more desirable parts of the country. 

Inventory has increased partly because some homeowners who can’t sell at their desired price are opting to rent instead and partly due to the surge in new multi-family communities.

It is so much easier to plan all the possible scenarios, choose the best path forward, and then implement it in a way that gets the desired results.Rather than trying to recover from an oppps, after the fact.Saving on taxes speeds up the next BRRRR.

If you offer 230k or 239k is totally insignificant compared to the condtion of the property (furture repairs) and how desireable it is in general.

Many investors treat return of capital as success and BRRRR has morphed into doing the minimum repairs necessary to appease an appraiser and obtain the desired value.

Hey Anthony,I completely get your desire for cash flow AND some appreciation.

This will narrow your OOS gap.My team works with a lot of OOS investors here in Milwaukee and there is definitly a pattern tied to success: narrow the gap as much as you can and also buy a quality property in a desireable neighborhood.