Quote from @Timothy Franklin: Okay @Jay Hinrichs that makes sense to me, I didn't interpret it like that.

Exploring AZ, TX, OH, and FL makes a lot of sense—those markets are active, and Florida, in particular, could offer unique opportunities with properties affected by recent hurricanes.

Ask them to show you a spreadsheet on why this makes sense.

house in decent condition . no application / no interest so far.is that make sense?

Generally if you only have a handful of rentals and you are fulltime doing something else (a W-2 job), it'll just make sense to claim the standard mileage deduction - @David Orr did a good job outlining all the related nuance to that.  

And buying in this high rate market makes even less sense as the near term cost of ownership is much greater than renting.  

I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

Does this strategy make sense?

I'd love to get a sense of how LPs are fairing these days.

@Jonathan Greene Makes sense.