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.* 1st BS - You can't have to Fannie mortgages - Fannie allows individuals to have up to 10 financed properties and Freddie 6.* 2nd BS - Fannie Home Ready and Freddie Home Possible is the only option - These programs are for 1st time home buyers.

At $345k I would venture to guess this is a <1% for monthly rent:sale price, and 1% seems to be the bare minimum a lot of investors prefer.

My question is if open houses and prospective tenant meetings need to be hosted by a licensed broker, or if I could contract this out to an unlicensed individual. 

I've rented an individual bedroom as well as the entire house, and I've earned more and more money each month I've done it.I'm in Milton, Florida (near Pensacola).

We just saw today a huge collection of homes listed for sale by owner in the Jacksonville Florida area!!!  They are discussing pre approved financing, package deals, fix and flip, and even development potential !  90 ...

Now things have changed and I have the opportunity to turn the units into condos and sell them individually.

I would of preferred to rent it out and begin Landlording, but I would of been breaking even at best.  

So to answer the question, older drivable vehicles go cheap because dealers prefer to buy the newer vehicles and push the newer model prices up some.

Preferably you want to work with a contractor that specializes in 203k rehabs and team them with a consultant they are familiar with.