The above exercise might give you insight on what you can do to improve. 

I’m exploring a potential investment in Salisbury, NC and would love some insight from those familiar with the area.Here’s the situation: there’s a 3 bed/2 bath home listed for $170K, but the owner said they’d take $130K if the current tenants (who are paying $1,600/month) can stay.

Also anyone have insight on excess taxable income regarding the above and private lenders?

Some neighborhoods might offer better returns or be more stable than others, so local insights can be super helpful.

I definitely do not want negative cash flow on a deal.Thanks in advance for any insight you can give!

I am grateful to any kind people here that can give me any insight on how I can make decisions that can benefit me financially. 

You should definitely check out Avery Carl's BiggerPockets book "Short-Term Rental, Long-Term Wealth" https://store.biggerpockets.com/products/short-term-rental-l...There is a lot of amazing insight into everything to think of while operating an STR.

Thanks for the insight, Nathan! 

Thanks again for your insight, I appreciate it.

Much/most of Florida is still very much an appreciation investment, especially in and around the major metros.Cash flow opportunities are probably better found in midwest markets but I'm no expert so I don't actually know that for sure.