Selling my first home in Las Vegas, house hacked to produce income to improve the property and pay for bills.

My goals for keeping it as a rental unit would be to:1) diversify investments to include stable, income-producing real property2) gain experience as a landlord I'm confident the property would rent, but I'm concerned that a historic Trinity might require more time/money to profitably manage (vs. a more contemporary home), because of the age of the property and the quirky layout and maintenance needs. 

I applaud you for taking action as a new wholesaler and encourage you to continue to foster relationships with your buyers since they are your valued customers.As for finding motivated sellers, there is no specific group that has to be targeted to produce good seller leads. 

Residential Rental home prices (1-4 units) in my area generally range from 60-200kI’m looking at a potential 3 unit that needs a little work, but could produce an additional 1k/month in cash flow but I’m getting cold feet ...From my perspective it seems like the rental property market is very weird right now with a lot of investors or potential sellers kind of “paused” due to COVID and rent moratoriums and all the uncertainty about the future with those two things sort of hovering at the moment.

Talk to others on here who have been doing it for many many years...100% of our 401(k)-solos are in REI all producing double digit returns.

There is a real shortage of homes less than $250,000 in the area so the income producing properties are doing well because of this.

Hey @Haven Phelps We're far from some of the top producers in TN but we've been wholesaling in the Chattanooga market for over a year now! 

Others look just at the income produced by the property.

If the HBU is to have this SFR operating as an office for a light industrial use then you would value it just like any other income producing property.

The gross rents total $1,575 and produce a NOI of $700 per month.