I base the price on a few factors - Room size, amenities and area average rents. 

So there is a 100X weight factor on the licensed professionals for literally everything, everything done and everything not done.

Given your experience managing 138 doors, you already have a significant advantage in understanding tenant needs, property maintenance, and financial planning.Key tips:Focus on personal finances: Keep building excellent credit and maintaining healthy reserves.Financing: Explore loan options like conventional, or DSCR loans to maximize your purchasing power.Location: Research neighborhoods with strong Section 8 demand and landlord-friendly regulations.Due diligence: Analyze properties carefully, factoring in rehab costs, property management, and cash flow potential.Your expertise and willingness to learn put you in a strong position—best of luck!

My gut reaction would be that price is high (granted I don’t know the area at all).But if it has been sitting on the market- which it was listed in 2023 for close to $200k less and did not sell my guess is price is the factor - while offering owner finance - it’s only good if it could still provide great cash flow while not overpaying.

Run your comps and be prepared to adjust a suggested price based on condition, layout, and other factors.

The length of time you're carrying debt is a factor to consider. 

There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well. 

From my understanding, the IDR plan will factor in my income and family size, making it more affordable. 

I've got a couple of soft factor questions I'm not sure how to analyze and would love to speak to a few of you more experienced types!