However, prices for a comparable 5-bedroom home in Washington are significantly higher, likely around $1.5M or more, which would mean taking on a new 30-year mortgage with 6+% interest rate and limiting new investment opportunities.2.

Versium has a higher purchase price.  

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.

You'll simply sit vacant for a few months, lower the price then get a tenant.

There are slight Regional variations in labor prices, but it's not as large a discrepancy as people think.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

I be sure to offer nice weekly and monthly price discounts. 

When looking at properties in other cities, I usually start by researching market trends like price-to-rent ratios, crime rates, and growth potential.

@Joseph LeibovitchYou just missed the window...Just before the FED provided their first rate cut, DSCR loans were down to nearly under 6% with 1 year PPP at par pricing. 

The plan would be to move out after a year and rent my side out for $2,500 (market rent price).