The seller sets the price higher than market price and between the down payment and any monthly principle payments the price eventually gets down to market price by the time the tenant could potentially buy the house.

But you have to be a good salesman, you have to do your market research, financing research, and also build yourself a pipeline into the opportunity of whichever market is chosen.I have a Canadian client who runs things that way. 

If you'd like specific answers from the market you're looking in, it might be helpful to mention that in your next post.

All good markets to get started in as long as you have a good team in place.

Petersburg offer robust rental markets with steady demand.

There is a section in Furnished Finder that tells if utilities are included or not so you can see if most properties in your market do the same.

.- Location and Market Trends: Choose projects in prime locations or areas with high growth potential.

Many markets outside of Orange County and out of state offer investment properties between $100K-$200K. 

I am the first to catch word of retiring landlord with 150 dirt cheap off market properties in a small town close to me. 

Look for properties with potential for value appreciation, understand local market conditions, and be prepared with financing options.