The property was well-located and priced under market value, offering a clear path to profit without needing significant renovations.

Start small with one property, choose a strategic location, stay transparent with lenders, and ensure tax compliance.

And location makes a huge difference. in Markets that dont move much in value then door count can be critical but in markets where prices may have 2X to 3X over the last say 15 years door counts are not as critical to net worth .

And I see you're located in Texas.

I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

Thats kind of the beauty of thes exchanges.. you get to reposition your capital, ideally in a property that ticks more of the boxes you need.Now, thinking about older buildings.. some folks underestimate how well older properties can hold up if they’re in a good location.

This is located in Pennsylvania.Thanks in advance for your help, and have a Blessed Christmas!

You can always charge an air and surface scrubbing fee from their security deposit after they've moved out. 

After COVID applicants were having to submit 10-15 applications on average in my market to secure a rental meaning they might pay a whole months rent or more in application fees!

You don't say where you are located so I say start close to home and work from there.