I really trusted my agent and knew several people who had invested in Reno so I took the leap after trying and failing for years to buy my own home in really high cost cities where I lived (NYC, DC, SF Bay area). 

Another neat piece is the IRRRL, which allows for cost-effective refi's (similar to R/T) if rates ever drop. 

What marketing strategies are the most cost effective?

Many tenants will cut their nose off to spite their face and move, rather than accepting a fair increase:(What does Zillow say the rent should be?

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.

While this can maximize leverage and ROI, challenges include getting lender approval for seller financing, high carrying costs, and the pressure of short-term loans.

You can include moving and storage costs in the charges.

For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.

That way the lender has an idea what it is you are doing and cost.