I suspect they will be in the $60k to $65k range for 2024 and the difference is market wide.i can look at airdna and see guest count is down.  

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

Unless a tenant plowed a hole in the foundation or siding, or just left the doors wide open all hours of the day, one would be hard pressed to say they caused a rodent infestation.  

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

So I’d call it a wash.That puts the cap rate in the 9 range.  

My thought is: I find one worth the money in the $10-12k range, buy it outright, live in it (in the park) for about a year until I save enough to get another one, then rent out the first one.

@Allen Duan I’d say mid range.

And what is the usual fee range? 

Then perhaps you could invest in something else until the single-family rental market is back to an affordable range, and in the meantime, you could also make a lot more money.

If you are borrowing for renovations, you will likely have a draw fee in the $100-300 range per draw.Selling costs: biggest one is commissions.