Hi Enrique, as a realtor you have access to the MLS and Neighorhood Scout and AreaVibe if its available in you area can give you ratings on crime and schools.  

If you weight your analysis by:  1.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

@Rebecca Gonais this something that you have a passion for and want to do?  

If she is worried about her gas bill, she apparently can't afford to live in this unit.

The problem is, none of it is based on actual comps, and again, the word "cute" doesn't have anything to do with setting those numners.What you need to do is a full analysis of the comps for both rent and sold in your area. 

In the future, either get your Real Estate License so you have access to the MLS, or make friends with a realtor so they can get you comps to get an ARV.  

Everyone is trying to maximize earnings in this business. 

Tools like Rentometer and Roofstock can help with market analysis and property selection.Good luck!

* Are there creative solutions landlords use to address tenant concerns about parking in this area?