Hey @Danny Young Congrats on making the decision to use real estate to bring you income stability.

Are there people looking for a place to rent and will rent command enough to generate cash flow?

However in this scenario since this will be a second there is inherently more risk, so will command a higher discount. the creditworthiness of the borrower comes into play as well.

@Ada San Andres there are some really good lending programs for house hacking that will allow you to utilize rents to help offset your debt-to-income if you qualify, especially since you're new to real estate and even if you have no landlord experience (normally you need a year of "landlord" experience to use rents to help purchase a property).

I’m probably not your normal BP user here, and only started dabbling on real estate after tried and true conventional finance folks wisdom was completed (emergency fund, 401k, HSA, Roth IRA etc) were maxed out before I throw money into real estate.

After watching YouTube videos about real estate from users, such as Graham Stephan, I was eventually suggested a BiggerPockets video about analyzing a deal by doing an in person walkthrough and the rest is history. 

He felt that by adding better finishes, the house will command a higher value.

The ideal buyer would need to be someone who doesn't mind waiting a year to close and have a really good deal on their hands, but from what I understand wholesalers tend to work on volume and moving quickly, and end-users are not going to want to wait this out.

Just FYI.Venmo Help Center: Blocking Another User  

The 3 commandments of REI are, always have been and always will be: You MAKE $ when you buy (and I'd add "....when you buy RIGHT")       You AMPLIFY profits when you reno/update      You REAP profits when you monetize (this can be sell, rent, re-finance, heloc, many more ways to reap profits than just selling)If you buy WRONG, over-priced, you just bought a boat full of holes, you will be bailing water while trying to repair those, there is 0 way to "sail right" in such a ship.