When analyzing the deal, focus on cash flow, property conditions, and appreciation potential, ensuring the rental income covers financing costs.Don't forget to layer in tax savings from RE in your cash flow and ROI.

Best areas for low acquisition costs, occupancy rates, property appreciation?   

The property appraised at $25,000 over purchase by comparison method and around $60k over by cost method.

Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.

Can offer potential learning for others. 

Guidance and Education: Avoiding Costly MistakesWhen you’re new to real estate investing, it’s easy to feel like you’re drowning in information.

I got rid of about $2,500 worth of trash out cost but then some one can in that night and took all the appliances ...lol Wont do that again or get an alarm.

After expenses and utilities you net $1,000 profit but it cost you $15,000 to furnish the house and you only have a 1 or 2 year lease. 

If the property costs $600,000 with a 3.5% down payment at a 7% mortgage rate, along with typical taxes and insurance, the monthly expenses could be around $4,700.

Has anyone had experience with this issue and know a way to get a good insurance policy that doesn't cost an arm and a leg?