I also have $102k in a money market account that currently earns about 4.5%.

But usually section 8 is the same or slightly above market rents.

As far as markets go, there are tons of options, what are your goals?

You'll have better luck analyzing a few properties a month from investors, wholesalers and realtors that can find you off market deals.

Look at their marketing strategy.

My first piece of advice would be to focus on understanding the market you’re interested in.

It wouldn’t work in a red hot market like we had a few years ago where everything was selling super fast, but in todays market there isn’t as much urgency to see properties and get offers in immediately.  

From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread. 

I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in commissions.I’m hoping this group can help me with a few questions:1.

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor.