we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

Ultimately you need to understand the underlying economics, psychographics and demographics of the market you are purchasing in to know if and how you can re-tenant the property.I'm a bigger fan of dollar generals or family dollars that are in multi tenant shopping centers. 

Unless you are finding off-market opportunities direct to seller, I can't imagine the deals working on BRRRR.

Spring may be better but I was unable to sell a cheap house in October for 5% off of “market value” and only sold a $600k home in January by listing it for $580k and I still only got one offer. ($150k down, 5 year seller financing.) my point being you may get $20-$40k more in a year if you don’t need to sell. 

What data do I need to study my market?

You need to charge whatever you are having to pay, and that will vary by market and cleaner.

From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread. 

Welcome to the real estate hive.. are you open to exploring off-market listings through your network? 

I purchased a duplex (Austin, TX) at peak market prices in 2022 for $720k.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.