Time was a factor as the bank was set to take the property back and we had pushed the closing back one day before it became REO.

Hi Joseph -  For your first scenario, if you acquire another SFH with a traditional investment loan, the rental income can count toward lowering your DTI, but typically only a portion of it (usually 75% of the rental income is factored in).

That is another factor to see if it's worth rehabbing the property.

This is by far the most important factor in my opinion.

Was doing some drive byes on a few properties this morning and stopped in on an open house.

From what it looks like it's the same person who responds to your email at 3 in the morning and it appears that this person may be oversees, I could be wrong but that's what it appears to be.

Also, what key factors are influencing your decisions?

If you didn’t factor in some amount for repairs and vacancy and CapEx when you vetted your property I hope you will do so with the next one.

Consider factors like retirement, landlord fatigue, property maintenance issues, or asset liquidation.

How much above market will be the determining factor whether I want to move forward or not.