We are working with our property manager getting everything ready to go- we are just a few weeks out from going live (fingers crossed).

Hi Palak,Congrats on your first rental property!

Find a good lending partner that is comfortable with lower property values both on the purchase, as well as knowing a group or two that can financing projects under 100k on a 30 year fixed.

Which type of properties are you considering?

Having lived nearby for years, I thought I knew the area well.The house itself is stunning, and the property is beautifully landscaped—truly a dream home in many ways.

On the journey, I once sold properties that were 30 minutes away as being too far, and also managed some properties that were 200 miles away. 

When I purchased the property it was currently bringing in $1,000 per month total in rent.

This would be a joint venture with me offering to just provide a percentage of profits and equity in the property in return.  

Is it possible to get $2000 rent on a $350k property? 

If they can get a property dirt cheap, you are still going to see it at the 80% of ARV like he says.