Partnering with someone already in that market would be wise.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Sounds like mostly a marketing thing from what I just read.

There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.

This is my third SFR in this market.

Highly recommend partnering with a local realtor who knows the market. 

. 🔥 Chris Voss"The Master Negotiator” & Author of Never Split the DifferenceLearn high-stakes FBI negotiation techniques for real estate deals 🏆 Dave MeyerHead of real estate investing at BiggerPockets14+ years of experience in real estate investingExpert in housing market analysis and investment strategyVenue: This year BPCON will be held at the legendary Caesars Palace in Las Vegas.

I wish you the best on your live in flip this year and hope to hear of your successes/lessons learned from it!

A frank, hopefully insightful, dive into real estate and financial markets.