.: While I do like to err on the side of caution with $750-$800 (decent cap rate/CoC), I'm looking on Zillow and MLS on rented units and $950 isn't extremely unrealistic (might be slightly on the high side); but I still appreciate the feedback!

I always err on the side of holding as it reduces transaction costs but do the math and see what is best for your situation.

But I prefer to err on the side of action.

I think when I was tying that I was erroneously thinking of utilizing the 2.5% of unadjusted basis deduction but that wouldn’t be a factor if the 20% deduction is the lesser.But.... what if you have multiple properties producing passive losses?

Many people erroneously post in the Renter's Discussion forum.

Finally, whatever numbers you receive, from the Realtor, you should assume they are erroneous as the majority of Sellers fudge the numbers, to have the property appear it is performing better than it actually is.

Today, after persisting for photos of the repaid, the PM says that repairs were not done and they gave me erroneous information.2.

My experience with new tenants has led me to err on assuming they know less than they should and try to give them more details.  

@Terrell Owens with rates rising, as long as the numbers work out, I'd err on the side of acting sooner rather than later.Since it's your first property I wouldn't take on a huge project, try to keep it to 10-20K rehab, or no more than 10K/unit.

In my mind, I erroneously failed to make the critical distinction you raise.