From a real estate/landlord perspective what does this do besides take money out of my pocket?

I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:$130k for 3bd 1ba for a single family house:- Reno Budget: 42k- Projected Rent: $1400Pros:1.

Fortunately, our parcel only has 1 neighbor, so less work from a quantity perspective on avoid dissent.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Tommy, are you asking for perspective on currently listed properties or looking to partner with someone on a purchase?

I got interested in real estate after reading Rich Dad Poor Dad and it blew my brain and completely changed my perspective on money and my possibilities.

You're absolutely right—agents will always say their area is the best, which is why I appreciate hearing different perspectives and the reasoning behind them.I came up with these markets based on research into affordability and population growth trends.

Quote from @Lorraine Hadden: Quote from @JD Martin: Interesting perspective - I have always represented myself in deals in the state where I am licensed.

From that perspective, this is a pretty nice exchange.

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).