What I'm planning: buy and hold the property, brush and clean it up with intent to hold until cost of funds drops a little in 4-6 months.

There is a lot more to it than the rate.

From what I've seen, Jacksonville has attractive housing prices and rental rates.

new construction homes everywhere. many people waiting on the fence. once the rates drop its going to get crazy again.

Often, traditional lenders offer better rates, which can significantly improve your profit margins.2.

My gross income is a bit less than $7k (and I'm renting near top of market rates) with minimal repairs ($2k/y), but...1.

It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided

If you haven't found  renter in 3-4 weeks, drop the price (but not your standards).

.- Project Update: North Nashville Duplex- Why Should the Fed Cut Rates at All?

"Buy the property, but date the rate!".