.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M. 

Cons are the cost involved in (both time and money) and loosing out on having a professional to guide you through the process. 

Results in some minor potential title risk for my firm3.

The coverage cost has increased dramatically in the past few years.Alabama has the second lowest property taxes in the nation behind Hawaii.

She is currently locked into a lease, but she will be $900 short on rent this month and she says it is getting harder to pay every month.The rising cost of pretty much everything is straining budgets, especially of your working tenants.I see "it is getting harder to pay every month" becoming more common. 

I’d just have to figure out how to come up with rehab costs, and learn about seller financing a bit more within a short time frame.

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental. 

The Reno market has a lower cost to entry and strong appreciation.

.- Focus on the property's potential value.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.