CURRENT MORTGAGE ON THE HOME IS 405k -MARKET VALUE ON THE PROPERTY WAS APPRISED FOR 670k IN AUGUST 2018 / OCTOBER 2018 PROPERTY HAS BEEN UPDATED BACK YARD LAND SCAPE WITH SPRINKLER SYSTEM AND SOD , DIVIDING GATE FROM LAWN AREA TO ENTERTAINING DECK ALONG WITH 2 FRONT PRIVACY GATES ADDED TO THE FRONT OF THE PROPERTY TO UPDATE THE LOOK FOR THE HOME .

Did some nice landscaping (it was an unsually large lot with a garage and an extra workshop/autoshop off the back driveway.

Google job growth, crime rate, walkability, demographics, etc.With $13k, you should be able to find a duplex, triplex or quad that you can purchase with an FHA loan or purchase a fixer-upper with a 203k loan.Good luck!

Another consideration, in case the previous posts were not convincing enough, is that high-end renters in an A property expect the property to be maintained as such.Granite repairs, travertine wear & repair, wine coolers, 3+ toilets, 3+ garage door openers, wet bars, indoor/outdoor custom lighting, landscaping and the list goes on. 

My market demographic all but requires this so I provide them, and yes, the break and cost money to repair/replace.

Redid the hardwood floors, painted inside and out, cleaned up the landscaping, put a metal roof on the carport (my husband did it himself with the help of my son because it was a flat roof!)

There seem to be all sorts of dimensions to a property, from the kitchen, to plumbing, to landscaping, and I want to try my best to ensure that I'm focusing on doing what is needed to prepare the property for rental.

redid the roof and landscaping.

I'd suggest reading some reports from the larger commercial brokerages and look at GDP growth, job growth, demographic shifts, and barriers to entry in any market you consider.

Is the tenant demographic getting better?