Need advice on a property for sale

[Orlando Paz]

I came across a property on the MLS that is being sold by a flipper. This investor purchased the property at $40k, and is now selling it for $85,500. The listing also mentions that the owner (investor) is motivated. The work that was done looks good, and it looks like it could be a potentially good rental. The only drawback is that the house is located in a rural area. On a positive note, according to rentometer this property should rent for about $929 per month. I've already spoken to a fellow investor in the area about this, but I wanted to get some other opinions first. I was told that I should aim for at least $200 cash flow on top of payments, taxes, insurance, etc. My initial thought, is to do a lease "sandwich". In other words, do a lease option with the seller, then sublease with an offer to purchase. Based on my information, I wanted to see what advice I can get before making any offers. If anyone is interested in looking at the property, it's in Florida. The MLS is #G4817138

[Brian Gibbons]

Location and condition are REALLY important to Lease to Own Tenants.

Rent can be market or 5-10 per cent more.

I would check w a great property manager on market rent in the rural area.

@Orlando Paz