Single family homes can be purchased as foreclosures, wholesale, short sales, or lower than market value based on condition. It is alwasy about buying right executing on a well planned investment strategy.
Benefits
Typically does not take a lot of money to get started
Low cost to manage
Lower property taxes than large multi-family communities
Holds resale value & appreciates
Outsource management
Create passive or active income
Know before you buy
Zoning restrictions
High competition
Verify if there are any open permits
Miscalculating fix and flip timing can cost you
Know market for resale or rental rates
Obtain home evaluation & assessment to determine costs for maintenance & repairs
Subject to additional fees from the local municipalities