Whatever is competitive with your close in competition in your marketplace, Or however you decide you want to offer the apartment to the class C renting public.Good Luck!

He's offered it to me on a lease-option agreement, with a "purchase price" of $1.2M, "down payment" of $200k and 5% interest only payments on the $1M debt.

When CMHA says the rent offer is $1300 of which 300 is from the tenant that does NOT mean the total rent is 1600, its 1300.  

I definitely do not want to be part of any relationship you are offering. 

Hi Ayyoub Research is the key, Conduct thorough market research to understand why the competing property is listed at a lower rent, Consider any improvements or upgrades that could enhance the appeal of your property to potential tenants, If you're unable to match the lower rental rate of the competing property, consider other incentives to attract tenants, such as offering a shorter lease term, including utilities in the rent, or providing additional amenities.Hope it helps.

I like starting in the Midwest because it's affordable and offers good cash flow.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Ultimately, the best approach depends on factors like the size and complexity of your operation, your comfort level with HR tasks, and the services offered by the property management company.

Generally, just offer two rates one at FMV and no commission, one with their broker 4% and time value of money reflected in a higher base rent.

I found it through a wholesaler, created a relationship and he accepted our offer How did you finance this deal?