On additional suggestion as a way to make this work.

Their combined income is 7x rent.

When you start to get to $700/mo you might see more people with less stable employment and part time employment since that’s $2100/mo in income.

In addition, long holds historically have produced good returns in that market.  

After analyzing over 1,300 active single family homes in Reno, Nevada we found that the majority of homes cash flow around a 4% cap rate, with outliers in the 5s and even some at 6%.A cap rate is a measure of a property's investment potential, calculated by dividing the property's net operating income (NOI) by its purchase price.

Pros:Potential for Bargains: Auctions can offer properties at lower prices than traditional listings.Speed: The auction process is usually quicker than traditional sales, with a defined timeline for closing.Transparency: The bidding process is transparent, and you can see competing bids in real-time.Cons:As-Is Condition: Properties are often sold "as-is," meaning no repairs or warranties.Limited Inspection: There may be limited opportunities to inspect the property before bidding.Financing Challenges: Securing financing for auction properties can be more challenging and may require quick approval.Auction Fees: Be aware of any additional fees, such as a buyer's premium, that could affect the total cost.I hope this helps you out!

Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have.

I'm a LTR guy... but it is a pretty accept fact that short term will give you more income.  

you find the deal, present the offer and close.Finally, remember the additional benefit  of sub-2, like cash is a quick close.

If you are investing for a return on capital, the more you pay it down the lower your return on equity will become, as you have more cash tied up in an investment that brings in a fixed income.