Pricing a rental property too high is a BIG mistake. 

@Dan AudinoFor path #1, is your eventual goal to rent out the property?

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

I have purchased many properties without a tenant in place.

Also, focus on 2 years of job/income stability.Section 8: This is the Property Class S8 was designed for.

Working with Property Managers – What should I look for in a good property manager to ensure smooth operations? 

I own several out of state properties.

The property is in Georgia, and the current rent is $950.00 for the property.  

As of 2023, if a single-family home was worth $150,000 in 2019, its appreciation rate could vary significantly from that of a multifamily property bought for a similar price.To break it down further, let's assume both property types appreciated over the years.

The main problem with negative cashflow properties is this.