quite common in the mid west and in low value assets.. in Texas there is the 100.oo  two week option money that is standardyou put up 100.00 for a two week due diligence period.. you dont close you lose it.. when I first came to Oregon from Northern CA  I was also shocked at the very LOW EM deposits and the use of promissory notes as EM deposits.. so folks were not putting up anything but a prom note as EM.. as things got more competitive up here you never see the EM note any more and deposits that were generally 500.oo to maybe 1000.00 have gone up to 3,000 to 10k.. on my new construction I require 10k .. these are 500k to 700k new builds.. 

@Louis Zameryka I don't know if you'd consider Gulf Shores/Orange Beach, AL (just west of the FL panhandle) but our beach houses there are pacing for a 20% annual return.

If you recall, a rising level of confidence in May and June faltered during the summer after a new coronavirus outbreak largely in the South and West.

This is North West of Orlando. 

We just went under contract on our first rental property in 80911 (we've historically only bought our rentals north/west of the airport) and wouldn't mind picking up a few more surrounding the airport later this year.

I’m currently trying to get some properties in West Pinellas County.

We aren’t that bad out west here.

In St Paul North End Neighborhood is nice and working class, West St Paul is similar but somewhat nicer, Frogtown has high cash flow and is good for sec 8 rentals but a little rougher.., Payne Phalen is perpetually "up and coming" and is not my favorite...

I grew up in a pancake flat mid west farm town but I enjoy big cities.

Currently I am the owner of a condo in a hot market just west of Denver.