Alex, I could see lower end and rental properties stay flat or even go lower in the short term until rents find some balance.

A fixer-upper, I fixed everything in this house as best as my finances allowed at the time and rented it for 20 years.

Here's the links I think you would find most useful given what you've said:• BiggerPockets Market Finder - Insights into zip codes, recommended cities to invest in based on factors like rent to price ratio, median home value, and more.

Is renting a financed single family worth it?

We have a SFH that we are currently renting as two one-bedroom units.

So maybe you pay $2000 for the HOA deed and then pay HOA monthly and you get to live rent free saving $1000-$1500/month rent for 6-12 months or however long it takes for foreclosure from the lender. 

Executive Summary Current and Past Financials Market & Property LOCATION/ECONOMYJOBS RENTS & VACANCIESUNITS Value-Add Business PlanTeam In Place Exit Strategies Personal financials Personal biographies / resumes

Don't overdue it but definitely do something small or big before putting it up for sale or rent. 

For reference I would have only been able to rent the space for about $900/month.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.