The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile. 

(We're not desperate to sell) With being new to the selling side, I'm curious what is standard for agent commissions in an off market situation.

@Serge Hounkponou Recommend you first figure out the property Class you want to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I wouldn't recommend a standard buy and hold rental because you'll have to pay both your HELOC and mortgage on the house. 

It's standard contract.

I'm not showing up with a standard set of interview questions to ask them or anything of the sort.

If I’m not mistaken you put around 50% down but I can connect you with a lender to get better info Hey Khalid - that sounds a bit higher than standard.

I guess to get a definite answer I'll have to cold call to get see if all these people are behind on their payment or it's just a standard practice behind some salesmen!

After that make sure you have your property up to standard before placing a tenant.