I've got a 3 bed 2 bath rental just outside of Nashville in the Smyrna area, that's right down the street from a hospital.

Tenant also agrees to the following:-All drains, waste pipes, and plumbing are accepted as clear by Tenant at the time of occupancy, and any material blocking them after occupancy shall be repaired at Landlord’s cost, unless determined by repair person that such blockage occurred during the time Tenant controlled the Premises and due to some fault or negligence of Tenant, specifically excluding blockages caused by roots or backups from the street.

Note: licensed REA, not a junkie wholesaler off the street,  knowing full well that I was an investor/rehabber ,in it to make some money, was trying to sell it to me with inflated ARV based on almost irrelevant comps since the RE market was dead in the area.

The rent is not realistic with the bed/bath count and the condition;it needs a large rehab.  

How many beds/baths?  

Walking its streets, exploring neighborhoods, and soaking up the local vibe can provide a deeper understanding of the market dynamics.Due Diligence: Prioritize comprehensive due diligence on any property you consider.

Find out what you want to rehab into (4 bedrooms 3 bath, or a 2/2, whatever), then find comparisons in the area for those attributes, and find out their values.

It only takes 30 secs of my day but yields important numbers.Example; I just checked a pending property around the corner from our rental because the size and bed/bath count is the same.

Purchase price: $210,000 Cash invested: $265,0003 Bedroom, 2 Bath, 1600 square feet, single family residence within city limits, on sewer, in residential neighborhood.What made you interested in investing in this type of deal?

It's a very large house too. 4 bedroom, 2 bath, den, just a big house.Taxes on this home have not been paid since 2007.