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

Because the condition of the building has deteriorated requiring substantial renovation she decided to stop renting it out after the last tenant moved 2-3 years ago.

I am interested in some markets outside of mine.

If you are investing consistently, you will know what your market charges for the work needed. 

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

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

@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.

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.

Finding the true appreciation rate for specific towns can be a bit tricky, but you can start by looking at historical sales data, talking to local realtors, or even checking out some online tools that track market trends.If the condos you’re eyeing aren’t meeting the 2% rule, it might be worth reconsidering or at least getting a more detailed breakdown of potential long-term appreciation and other benefits, like tax advantages or rental demand growth in the area.