The slope is very heavily felt in the entry/living room but the bedrooms and kitchen have very little slope so I am guessing it will still be a very decent rental.The current owner bought it for $43,300 to flip, had it under contract at $103,000 and again for $96,000 this year but both fell through due to inability to find financing.

I have no children, I live at home with my parents.

Live below your means and stash a little cash.

Did you count yourself living there or calculate in the rent as if you weren't?

I live in Los Angeles, Ca.

Purchase price: $196,000 Cash invested: $7,500 I live in it and rent out the upstairs.

After that my back tenant told me there was a guy living there as well and he had a kid.

Get a property that people want to live in and price it right you'll have far less issues then a place people have to live at the top of their budget...You'll want market rents to be around the 800+ range (it's ok if they're lower and you can raise them) to about the 1400-1500 range.

I suspect that we will all be waiting a lifetime to see rates back to were they were 2 to 4 years ago.. so I would not bank on that.. as for pricing.. if its a place to live then you certainly can just wait and see.. its not like your homeless or need to move other than you don't care for your neighbors.. markets always slow about now.. what will be telling in my mind is were we are at next Feb March April in the buying season as it were.I was in a conference this week here in Vegas and some of the speculation is that many of the commercial type loans that had 5 , 7 and 10 year calls  are going to stress those that had max leverage.. as the rates rise the cap rates rise to keep pace thereby devaluing the properties.. to the point some of these investors are going to need to bring some to significant amount of fresh capital to pay down their debt to get a refi.. and that will stress those assets and there could be a real buying opp in that sector.. at least that's what I gleaned from the talk I listened to yesterday... hope you find that dream home in the country !!!

My first is a SFH that I live and do Airbnb in.