It could make sense to take advantage of minimal competition and relatively "low" home prices while interest rates are still high.2.

If they have actually proved mold (highly unlikely) the next step is to carefully evaluate their report and see whether the tenants actions/inactions may be the source of the mold...

I was informed of high water bills on April 1 and had the problem fixed across April 7-8.

Properties located in areas with high crime rates may be less attractive to potential renters or buyers, which can lead to lower property values and rental income.Neighborhood DemographicsThe demographics of a particular neighborhood can impact the demand for housing and rental properties.

My first rental, and I will have a very small cash flow (Thanks to high rates and high prices, but I took the plunge and decided to get into it anyways to build long run wealth).

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

1000 bucks for carpet replacement seems high.

No one even mentioned it being too high.

Considering the high interest rate, the projects and COC return seems too good to be true.

If purely residential, creative use strategies and layouts can really help boost yields and the resulting quality of the product.