I do know that he paid $400K for the property about 7 years ago but no major improvements and no maintenance have been done, it has just been 1 bandaid over another so my opinion is that he has probably actually decreased the value a bit instead of increased it.

A few times, I asked for the numbers and found the landlords were using old numbers for income and may not be reflecting that price per bedroom has decreased recently.Anyway - I think there could be good deals out there and I have no reservations of owning a student house in that area but just be careful you are not sold a cap rate or cash on cash return projection that the seller cannot prove with existing leases.

I'm also of the impression that waiting until late summer might be advantageous as the inventory typically hits its high point in the year around August and the number of buyers looking decreases.

And I do like to flex my imagination muscle and practice my business planning skills.   

I usually try to find a property that has room to grow, either by finding a way to increase rent or decrease expenses.

Many commercial real estate property owners have experienced decreased revenues as a result of COVID-19.

That means prices will decrease when NOI decreases.

I believe there is already a low response rate with direct mail but having incorrect information just decreases response.

I asked about the residence b/c your options for HELOCs and LTV decrease on investment properties verses primary residences.

We did a large rent decrease on the units just to fill the building up b/c we were getting close to the end of October.