Our biggest issue that a lot of markets are seeing right now is low inventory.

Seller raised rents to this amount as he made improvements mentioned in original post.

The inventory for SFH is also not much right now.

We don't flip here in California as out prop 13 penalizes people trading often we pay $15,000 less in property taxes as an identical building sold next door 5 months ago. all improvements are an expense at this point but appreciation has over $1,000 per day on just one property.

You get the best bang for your buck on SFHs - because of the potential to add square footage, make major improvements, add a bedroom, etc. 

Inventory is low and prices are up. 

-Investors account for about 23% of the city's single family home purchases-Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population-This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been-The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S.

-Investors account for about 23% of the city's single family home purchases-Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population-This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been-The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S.

-Investors account for about 23% of the city's single family home purchases-Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population-This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been-The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S.

I work for a company that makes meters and our inventory is ridiculously low.