Quote from @Dennis Bragg: Angel, this deal has potential, but there are a few big questions I’d dig into before getting too excited about that equity spread.

The property brings in steady rent with a potential cash flow of around $1,000/month.

Your thoughts have potential, and you're thinking through the right steps.

The potential to modernize and resell at a profit aligned with our strategy, and we saw an opportunity to transform it into a desirable home.

Yeah, the Midwest and South have definitely stood out to me great mix of affordability, growth, and investment potential.

Here are key steps for effective screening:Application Form: Require the new tenant to fill out a detailed rental application to collect essential information, including employment history, references, and prior landlords.Credit Check: Perform a credit check to assess financial reliability, past payment behavior, and overall financial responsibility.Judgments & Liens: Ensure judgments and liens are included within your report; they are no longer on credit reports.Background Check: Conduct a criminal background check to identify any potential issues that could affect their suitability as a tenant.Income Verification: Confirm that the potential tenant has a stable income and meets your required income-to-rent ratio.By thoroughly screening the potential new tenant, you'll ensure that they are a good fit and reduce risks associated with lease transfers.

. - You can potentially sell to an S Corp you own.

New supply is the best remedy, but uncertainty surrounding tarrifs, potential labor shortages and progressive local building codes driving up costs and new build starts will continue to lag.

Would love to hear/discuss potential. 

It checks all my boxes for potential.