I use it for expense tracking (which is great) and have been transitioning to rent collection/cash management.  

Since comps are limited, analyze similar nearby locations to estimate demand.When pitching investors, focus on a clear business case: expected income, expenses, occupancy, and ROI.

And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to. 

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

Look for a location with low crime, then look for the neighborhoods with the best schools.

Now the situation has occurred that we need to rent the house out in order to help pay for his long term care expenses. 

I feel I'm on the low end, but my COC return a year later is roughly 14%.

Times are different now and getting in with low money down heightens risk and isn't as easy. 

If your house is old, value is low. 

That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.