The unit we currently live in would rent for the same amount minimally, most likely a bit more.

Go for the desirable locations in the city and if you’re investing from out of state or country my recommendation would be to stick with properties that require minimal rehab. 

Minimal backstory.  

Due to current market interest rates, I have a possibility of minimal cash flow with a vinyl property however with the brick property, I'm barely even breaking even.

However, landlords may subject the tenant to a minimal penalty which usually amounts to two-month rent.Both parties mutually agree to break lease agreement early.Either the landlord or tenant may ask the other party to break the lease early.

I like to "idiot proof" buy and holds to minimize repairs.Best to you!

There are also programs you can use with minimal seasoning (0-3 months) to get it based on the new value if you've done rehabs.

With a purchase price of $35,000 and a sale price of $50,000, the property promised substantial returns with minimal risk.

With a purchase price of $220,000 and a sale price of $275,000, the property promised substantial returns with minimal risk.

With our help, you can learn how to minimize your tax obligations and even purchase real estate tax-free."