Look into property values, vacancy rates, and the overall rental market in the area.Real estate can be a powerful way to build wealth, but it’s essential to start with the right tools and knowledge.

The average rent is $611 for a 3 BR, but the rental demand is moderate, with a vacancy of about 4.9%.

All in for example, 75k, rent 1600, thats 2% + That gets me going :) 15-20% net, so this is after any forecasted vacancy, repairs, property taxes etc. 

This results in lower vacancy rates and better tenant retention.4.

But still, preparing maybe 10% of the property value saving for fixing and vacancy will be a good idea.

If you can float the vacancy worst case, whats the hold up?

I'd plan to save any profits each month for future CapEx, repairs, vacancy until we had ~20K for this house set aside.

I have a very nice STR in Four Corners and the last 2 years we've been at 50% vacancy in our busy seasons because so much new product is on the market and there's still a ton of legacy owners renting out for $99/night.

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome! 

Set a move-in date no more than 2 weeks from the move-out date of the previous tenant (3.8% vacancy for that year.