A garden variety LTR, whether in Houston or Ohio, conventionally financed, is not going to provide meaningful cash flow. 

Are you financing the the properties?

How did you finance this deal?

You don’t have to major in real estate or finance to set up a real estate investment career.

How did you finance this deal?

He agreed to selll to me for 88K, rent to own for 4 yrs with 10% down paid in 200 dollar installments and owner financing.

With borrowing rates as high as they are, it could be difficult to maximize income by 1031 exchanging into a rental that is both (a) financed, and (b) in an urban area where prices may still be close to 2023 peaks. 

Hey Joel - are you financing those traditionally? 

Real Estate Wholetailing: Close on a property and immediately list it on the MLS to sell at a profit.Owner Financing: Help the seller avoid capital gains taxes and give them a consistent passive stream of income without having to manage the property.While these strategies offer various avenues for real estate investment, thorough research, due diligence, and professional guidance remain crucial for success.

Many of the people here on BP unfortunately do not understand how to evaluate risk - because if they did they would not be doing a lot of these creative finance deals we are seeing that include having to borrow for the down payment because they have zero liquidity.