Or find a deal first then market it to buyers, then offer on the house and create an agreement with the seller & buyer?

I believe the value would get passed to them and the current market rate. 

In a highly competitive tourist market like New Orleans, I update my photos weekly. 

I Can only realistically get $1600-$1700 a month renting my house based on the market.

I stopped buying because the market became too expensive and competitive in my area at the time. 

I'd be interested in any insight on the Sacramento market, esp. from investors in multifamily.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

I think our modeling has adapted to market changes over the years, so we've stuck with Excel as we can easily change the parameters to keep it "fresh".

As a result, while the US market is stuck in the lock-in effect, the Canadian market is kinda booming so it makes more sense for Americans to consider Canada nowadays, except for the fact that Canada has on average one of the if not the most unaffordable real estate in the world.Hope this helps.