It is relatively low value (50K), although it is in good condition after some recent repairs. 

Start low......75% of asking. 

But you should do your own research as to whether or not you can find a brokerage that will keep your transaction fees low. 

Originally posted by @Adam Schneider:@Daniela Reyes In addition to your local REIA, check out groups like AAPL (American Association of Private Lenders) and go to lending conferences (AAPL has one coming up in Vegas, PitBull does some...).I went to the AAPL one in Vegas that was pretty good not necessarily for the AAPL portion it was very low level rudimentary for me personally.. but there were a bunch of vendors there HML from all over the country along with crowd funders etc.. that networking was pretty good I thought. 

I personally do not try to time the market and only stick with low-cost index funds.  

Build it and they will come@Adam Lowe, sure having a few buyers in the fold is helpful but ultimately if you have a good deal it won't be hard to find someone to move it to, assuming you're getting out there and networking with other investors. 

Also keep the property in a great neighborhood (low crime, great schools, low property taxes, etc.) for a rental.It all starts with the deal.Anybody have success buying probate real estate?

My realtor told me the same thing initially “hopefully it will appraise low...” so far that hasn’t really worked out for us

B properties don't usually have that low of rents (because they cost more than 100-150k).

People from the around the world want to invest here (especially in multi-family), and inventory is extremely low across all types of real estate, especially single family homes.