That leaves you with a good chunk of change to start the business and grow from that point with rental income/passive income coming in each month.If you have any specific questions and want to talk about Pinellas, Citrus or Hillsborough reach out I always enjoy talkng REI.

Open to any advice from the experts on how to increase traffic as the house would be a great investment for a first-time buyer or to add to a rental portfolio! 

I probably going to use them for equity financing on a rental property that is paid for.

In general personal homes are not optimal rentals.  

Although the rental increase will be modest, I am considering waiting until April 2025 to send the renewal, which would then start on July 1, 2025.

@Mario MoralesI'd look at the rental income and compare it to the cost of each situation to determine the return on cost.

I am an investor myself and have purchased rentals that are all clean BRRRRs and 1% deals - positive cashflow, 1% rule, and tons of appreciation.

I listed it on FB marketplace as a Long Term Rental while it was under contract just to get the feelers out, and I got a lot of responses from people who wondered if I'd take Section 8.The house is in an area with pockets of Section 8 housing.

If you have a BAD tenant experience on this property as a rental and lose several months of rent and incur substantial tenant damage that is all coming out of pocket whereas if you had even a handful of rentals the performing rentals and the monies budgeted for capex/maintenance/vacancy will carry that sort of loss.

That will help you understand pricing trends for both the purchase but also the rental analysis.