Plug in the town your property is in and get an idea of what other landlords are renting their properties for.https://www.furnishedfinder.com/?

Great question and always worth getting a second opinion.. especially when it comes to inherited IRAs.

Hi Shyam Sridharan I would recommend to get a contractor to make all the changes.

I have a window into the PRE REOs coming to me, and lately, that list is getting LONG.

Every two years you have to get it tested.  

@Kwanza P. 780+ pretty much gets you all the same rate regardless of being in the low to mid 800s. 

Akku, solid move getting into real estate early.

However since this is our first rental, we are getting cold feet and suspicion that it might be a money pit or go wrong drastically.

I’m not Marketing, etc. etc. so maybe Bigger Pockets can leave it up so people can get a better understanding of the limited information about this. https://cjfoxlaw.com/law/is-picrights-legitimate/

.: I'm very new to this and would love to get your thoughts on this and are there any downsides to the process?