For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

Yes, you will be required to pay income taxes on your withdrawal based on your year-end income vs expenses.  

Keep plugging away and you will find your success....Your success is based on the work YOU put in....

@Antonio ResendizI analyze based on the return that we are getting with our investors' money. - Annualized ROIFor Rentals that we hold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE - Return on EquityI used this equation to back into my maximum allowable offer (MAO): ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

@Joshua Logan I'm out of the Mankato area, we invest in Section8 apartment buildings (Project Based HUD properties).

Consider consulting with a real estate professional or financial advisor to help make an informed decision based on your individual circumstances and goals. 

Establish the value based on your own market analysis.Your property is a rental once it is placed in service - typically the date it is advertised as available.Check your home owners insurance policy and make sure it covers rental operations - I expect it does not.

At this stage, based on your post, you would wait until its listed then contact the listing agent to purchase it.

Other than a post or two on social media I haven't done anything else for lead generation and to build a client base.

Make your offers based only on what works for you, not what it takes to get the property.