You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

I wanted your typical 3 bedroom house (not necessarily 2 bath) which cash flows.

@Matt Weddon - make sure all reasoning & communication around the rejection stays clear of all federal AND state protected classes under Fair Housing.

I’m hoping to rent my house for $2k/mo.

We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

Have you considered other starting strategies like house hacking or live-in flips?

cool looking house

There is a filtration (basic ) in thee garage that came with the house when I purchased, but the filter gets rusty in about 5 days.

This way they can't claim they have been in the house long enough to be domiciled - this is for squatters.