When we take over a property, and the rents are $400 less than what market is, as in your case, there' usually no way that resident can pay.

We hired our first acquisition sales rep, Eddie, in July 2019.Going into 2020, we expanded into new markets, including Western New York, Wichita, KS, and Las Vegas.

That's great that you are getting going investing in different markets. 

BP Community, Hoping to get some feedback from folks who have used Invelo to find off market deals.

Initially, I didn't have much time during the day because of my job, but here's what I did: In the evenings, I spent 2-3 hours putting together a list of cash buyers I found on Google using the (Google Ninja trick I learned from realestateskills on YouTube).

I am a real estate broker and have access to market data for valuations.

A few people had rejections late in the game after the initial submission looked good.

My wife and I purchased our first rental property here in Maui in June of 2023 to use as an STR as it was a consistent market, numbers worked, and we live 5 minutes away from the property so self-managing made sense! 

This year, I sold 3 of my rental properties (one has a large capital, one at a loss (because I bought it at the top of the market), and the other one breaks even).

An extra bedroom can add $20,000 to $50,000 to your home's value, depending on your local market.