Haven't found any good deals. Finding something cheap takes work that I just haven't set myself up for. Wholesaling, cold calls, and stuff.
Regular houses of the market don't really seem like a good enough deal to me. Purchase price is too high and after accounting for vacancy, repairs, etc. The rent just doesn't bring enough monthly cash flow. You'd have to just hope to break even every month and it then just becomes a long term goal of just paying off the mortgage, which is actually fine... But at that point I'm just hoping for appreciation it seems. I'm just very risk averse to real estate for some reason.
One of these days though
Look into other areas where housing hasn't skyrocketed then. I grew up in Toronto. Am I looking to buy in Toronto when the average house is close to $1 million? No. Look into other states/provinces where things are cheaper. Research into the jobs in that area and if people are looking to rent. You don't need the house to be luxurious as long as it's not run down and maybe only needs minor things done to attract people. And at times those things you can do yourself. Changing the faucet for example to a better looking one is very easy to do. Buy used stainless steel appliances if you wanna and install those. People like that. Buy fake marble looking stuff.
Ya, it's definitely location dependent. My ideal situation would be to find a duplex or something and live in one side, rent the other side ---