What's your strategy for buying your first rental property?

Yes, I own other rental properties. 

Are there ways you can capitalize on your current properties, like add an attached or detached ADU to bring in more rental income?

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

Also, many newbies don't understand that most turnkey providers are selling them Class C rentals - yet the newbies are expecting Class A results.If you go turnkey, you better be VERY careful and understand the risks - NOTHING is risk-free!

I plan to keep this house and use it as either a rental home or continue to house hack it.

Not that that is everything but it certainly does generally affect the rental rates for properties as well as the sale price.  

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Last year, you bought your first rental property.

I am wondering if this is a reflection of a shift in our rental market or if others out there are finding the data is skewed high on that platform.