Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

In addition I am giving him freedom to explore (to a certain extent) on my dime.

If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.

10) How often have you authorized a price reduction or incentive?

In addition, I will need some accounting done for my W2, and university enrollment.Please read this post, Bryce:https://www.biggerpockets.com/forums/51/topics/1222774-expla...and notice one particular BiggerPockets rule: until moderators move your post from the tax forum into the Classifieds forum (which they probably do at some point) - we tax professionals are prohibited by raising our hands and saying "I can help you."

Given that you're not married, that adds some additional complexity.  

Please DM me if you have any additional questions. 

- We send bi-weekly reports with: Webhits, inquiries, showings scheduled, showings completed, list of applications and status.6) How often has your PMC discussed price reductions?