@Saulo Dias which markets are you trying to expand? 

One of the realtors was skeptical that I can get into this market for $200k, and, I agree, it's a bit of a stretch, but with the pay cut I'll be taking going down to Texas, that's about as much of a mortgage as we can afford on one income.

Black market-  most economies that have something that impactful happen, causes the taxpayers to move to a black market approach.  4.

Rents are mostly at market rate, and are for the most part, fairly consistent around the city.

Market the property, rent it quickly, enforce late fees, and most importantly, treat it like the business it is without getting personally invested.  

They proposed higher than market rent, but want to keep 2 people from thee organization volunteers in one room in future.We checked the website of the non-profit organization, their program include several categories, including helping international children to school, housing for the homeless, etc.

She may not want to spend her nights and weekends driving around with investors-- she has been in the business a long time (let's face it we aren't a cushy commission slam dunk) but if you tell her I sent you her way she will definitely give you an industry insider's opinion of who to work with. 

@Srikant PuvvadaI wish I could answer this question directly, but cap rates are highly dependent on the market and asset type.

This is true even if the market value for the As-Is is right on target.For example, let's say you are getting a deal for $100k that is worth $130k As-Is.

https://www.biggerpockets.com/blog/best-college-markets-for-...We cover this and more in our weekly BiggerStays newsletter, which is for all things STR.