I had this at the house next door. A flipper bought it, made some improvements and sold it to an older couple at the peak. The older couple then tried to flip the flip. They had it up for sale for 2 years and had 1 offer. The husband died and the wife is renting it out. My guess is she ia barely covering he taxes and other expenses.
Those shows on TV show the flippers actually IMPROVING a rundown house, not just a buy-and-hold strategy waiting for prices to go up. This couple learned the wrong lesson.
” The husband died and the wife is renting it out. My guess is she ia barely covering he taxes and other expenses.”
....I wish you well on this my friend...in our old neighborhood we had several houses that didn’t sell so they bacame rent houses....which meant they became problems...