Cap rate, per door price, gross rent multiplier.

Rent would be ~1,400 to 1,800 / month which is above market rate but housing is in very high demand and price is in line with what seniors who live on their own would be willing to pay based on my conversations with local Real Estate Agents. 

Patience can be your best friend and if you attempt to over leverage a property it can come back to hurt you.Some will recommend buying subject 2 where you could take over an existing mortgage that could be at a substantially lower rate - but if the lender finds out and calls the loan that could also be very bad.

Hey @Tempest Byrd - I ironically went to high school with a Tempest Rouge, I love that name!

The agent will have access to the biggest platform to get the property sold though, the MLS, so forgoing even a cut rate agent will create more of a loss than the agent fees themselves. 

I am pulling in between $500 to $1,000 from mine each month even at a high interest rate with about 25% down for each. 

Fit buy box of A or B rated school district in good area that could appreciate over time.

I have done a lot of those with small builders.. that way we get our rate of return on our note and at exit we made a nice spiff some times double to triple how much we lent..

Fit investment criteria of long term buy and hold, in an A or B rated school district, that appreciates over time.

Therefore, school districts are not an issue.