$16,500 rental - Deal or what?

[Mark Gingrass]

I'm not good at this rental game as I have one house that I take a loss on already.

But I found this house List priced at 19K then the next day dropped it to 16,5K

This house is currently rented for $350/month.

To me, this sounds like a pretty good find.

The house's market value according to tax records is 26K. I found it hard to find comps in the area but they seem to be in the 30's.

The current tenant does not want to move.
What would you do as a beginer investor in this situation.