Well, long story short, their answers came down to two issues: 1/The neighborhood was notorious for being part of the town where it’s hard to find and retain quality tenants. 2/The property was too old with many visible deferred maintenance issues.Albeit I rusted their feedbacks, I decided to have one last opinion, by calling a local Realtor that deals with Property Management as a side job.

You need it solely to pay for vacancies (to cover your debt service payments), PM fee, leasing fee, deferred maintenance and the inevitable repairs that your tenants will call in for...Good luck!

Is there deferred maintenance to the property where if you took care if it ahead of time it would cost you less in the long run?

Often simple deferred maintenance projects and under market rents will offer enough value add to get a great, cash flowing property.Ultimately, it comes down to the price, including rehab costs and time, balanced by the rental income the property can command.  

You should definitely confirm this with your accountant.The best way to defer CG taxes is a 1031 exchange.

This article is worth reading: https://www.therealestatecrowdfundingreview.com/single-post/2018/02/12/How-to-Invest-in-Passive-Real-Estate-Without-Paying-a-Penny-of-Tax-Legally-Part-2-Defer-Defer-and-Die

I'll defer to others though to keep the pros and cons coming!

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

They will often defer to their attorney for advice.

At least that is what the BiggerPockets Rental Property Calculator tells me :-) With depreciation figured in the cash flow should be tax free for about the first 12-15 years and I can always 1031 Exchange it to defer or eliminate the capital gains taxes too.