Know your market cap rate and you can quickly determine whether property is worth a closer look. 

It is an area you are likely more familiar with and closer to which could be helpful for your first investment and as @Sarah Kensinger metioned, you may be able to do a MTR.  

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

Closer to 500k the better. 

A reasonable hourly rate would be $200-300/hr. for less experienced agents, closer to $500 for experienced agents IMO.

During the months of searching for the perfect property, his has decided to move out of state, closer to family.

I am considering offering him $1.8m with a low (or no) down payment and seller financing at a low interest rate so I can at least break even on cash flow after getting rent closer to market value and with upside potential as a MTR and strong  appreciation opportunity.

@Duke Butterfield You are thinking like a true grass roots investor. 

Sometimes you’ll find better deals with the older communities closer in to Disney.

If it weren’t for some contractor issues, we would have netted around $60K, but it ended up closer to $45-50K (I don’t have the exact numbers on hand).