This would be my very first rental.I have an opportunity to buy a house from an old neighbor for $425k.

Purchase price: $157,000 Cash invested: $41,000 Two single family new constructions in Shawnee Oklahoma.

Too many sellers are asking for prices based on the park being at market rent for 100% occupancy.

Since you’re open to where you invest, consider areas with high rental demand and affordable property prices like the Midwest (Indianapolis is great for this!)

Setting a reserve price and then having an open house the day of the auction to accept bids and hopefully find a direct buyer. 

While they are indeed somewhat arbitrary, they provide a straightforward framework to filter out properties that are unlikely to meet my investment criteria.1% Rule: This rule helps ensure that the property generates sufficient rental income relative to its purchase price.

Although I’m currently in NJ, who knows, maybe if an opportunity ever arises in TX, at least I know somebody there.

@Darnell Fenderson - Too little information for anyone to pounce on this opportunity.

Purchase price: $257,150 Cash invested: $12,000 House hacking Duplex purchased using Conventional 5% down loan.

@kimberly S. mentioned negotiating the price, because it's like buying a car.