@Ray HernandezI would reinforce what @Will Barnard said above and try to apply this strategy to both options.

Appreciation is not evenly applied in a market.

Recently 2 new grads from out of State applied to rent my vacant 3 bed apartment.

Can be side hustles, education, applying at other places but income is a huge factor in order to invest.

Fair Housing may not apply to you, but you should know for sure if you intend to deny their request.2.

With all the money they had made from the show they bought a few city blocks in the heart of the neglected downtown of Waco, applied their renovation magic to it, and quickly built a beautiful Magnolia campus in the heart of the city.

The US has consumer protection rights that should apply to this space. 

White is denied the privilege of appearing or practicing before the Commission as an accountant, with the right to apply for reinstatement after three years.In a separate proceeding filed in district court on May 31, 2023, the SEC charged, among others, ORES and its CEO and founder Chimene Van Gundy with violating Sections 5(a), 5(c), and 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder.

I think the same would apply here.

If you require financing, you will have to apply for a DSCR loan.