Can you describe the purpose of your investment?
How large an investment are you looking to make (# of units)?
Are you looking for a long term (>5 years) hold or a quicker flip?
Willing / able to put work into the property?
Basically rental property spans a spectrum from ‘no work’ to ‘lots of work’, with corresponding returns. Being a slum lord pays because it’s a lot of work, so purchase prices are cheap.
10x gross rent in a 9.7% environment is not a deal, which is why you can find them easily.
