Think about your market and what people are willing to pay a premium for.

How Seasoned Investors Calculate Net Income in ExcelNet Income in real estate investing is typically calculated as:Net Income=Gross Income−Operating Expenses−Debt ServiceNet Income=Gross Income−Operating Expenses−Debt ServiceHere’s a simple way to calculate it in Excel:Create a Spreadsheet with the following columns:Income Sources (Rent, Laundry, Parking, Other)Gross Income (Sum of all income sources)Operating Expenses (Property taxes, Insurance, Maintenance, Utilities, Property management, etc.)Net Operating Income (NOI) = Gross Income - Operating ExpensesDebt Service (Mortgage payments, Interest)Net Income = NOI - Debt ServiceUse Formulas in Excel:Total Gross Income → =SUM(B2:B5)Total Operating Expenses → =SUM(C2:C10)NOI Calculation → =B6-C11Net Income Calculation → =D6-D12Software for New Investors to Use OnlineIf you’re a new investor looking for user-friendly tools, consider:Stessa (Free) – Tracks income, expenses, and generates financial reports automatically.DealCheck – Great for analyzing rental properties, BRRRR, and multifamily deals.BiggerPockets Rental Calculator – A simple tool for quick deal analysis.PropStream – More advanced, with market research and deal analysis features.REI Hub – Accounting-focused software for rental properties.I hope this helps !

I am also willing to do vacation rentals, wholesaling, BRRR, fixer-up properties, off-market deals, fix & flips, etc...

I would choose the strategy that best fits your strengths (unfair advantages) and what the market in your area demands.

Quote from @Francisco Milan: These really do not do much these days for people finding most of the listing online; however, you need to be sure that you put one out because any lead is a lead to put in your database to market to. 

Or you could decide that you're going to hang in there for family/legacy reasons, and keep raising the rent whenever the market supports... and whenever you turn over a set of tenants.

I.E. you know the area better than others.Is there a short-term rental market where you vacation at, where you went to college or where you grew up in?

Get familiar with price points in your market and what looks like a good deal. 

Mine have appreciated off of the charts in the Charlotte metro market.

Wishing you luck as you learn and grow in this industry!