@Jay Molis was it a credit union?

@Steven DiMartino especially when one goes up in value while the other goes down

I say making offers is like the game limbo. How low can you go? 😏

Besides, if you're buying from a seller who is financially distressed you are also taking a burden off their hands they may not longer be able to hold.

@Noel Ntoro I second that!

@Frank Contreras would prefer rent ready or something that requires minimum work like paint, carpet, etc

Does it add more concern if they are a first time renter?

@Jay Molis cosigner... I would not have thought of that!!

@Dion Talk Financial Freedom I was fortunate with my first property. It was not initially intended to be a rental. To the contrary, it was the home my wife and I purchased after selling our Pennsylvania home when we accepted job transfers to Jacksonville FL. 18 months later, we had to move back to PA due to a family crisis. Another interesting fact about the Jacksonville home is that we purchased it from a property investment company in Tampa. Did we get a great deal? I don't think so. Our realtor said that it was "priced to sell". So we moved quickly, paid asking price, put 200K down and they accepted our offer. Neither my wife or I realized the home had no washer or dryer. So we had to buy them. Home Inspection revealed the light in the pool was not working. Seller agreed to have it fixed, and nor we or our realtor followed up and the light was still inoperable after we took possession. End result is this home doesn't cash flow, but it breaks even each month. Next step is to attempt to get the property taxes lowered, then binder strategy. Those two should level the playing field a bit. I'll attach a link to the home if you want to check it out. 12678 Stallion Ct, Jacksonville, FL 32223 | Zillow

@Frank Contreras I absorbed it, and without a predetermined yearly rental increase, this property would have turned alligator a year later.