All said, drop the rate to market or slightly below (if you're in a tougher market) to attract a quality tenant, then pursue the refinance or sale as some have suggested already.

Yes, you will likely pay close to or at retail value if you are buying a quality property that has been properly renovated. 

(Ask me how I know this.)You'll be priced out of virtually any quality market as you'll need to put anywhere from 25-40% down if you'd like to cash flow in a deal you don't have to significantly rehab (or found off-market) with interest rates where they're at (and don't expect them to go down to 4% anytime this decade either--a 3-4% interest rate is historically low and investors in the 2010s were lucky and spoiled). 

Like many businesses, the flipping niche has 3 categories that differentiate one flipper from another: quality, faster, cheaper.

Quality?

Great quality for the same price as HD and Lowes particle board cabinets.

Many of these companies will provide information about the property, including the name of the owner, address, loan amount owed, and additional loans outstanding.

It really depends on location, quality of home features, amount of privacy for renters/members, and competition.

Of course, if you are doing a lot of buying and selling, it is always good to know who the players are because there are some that do top quality work and others that do not.

We pay a few hundred dollars for a professional quality pitchbook with the financials and that has been money well spent.