We also don't *need* the equity toward the new place, although of course it wouldn't hurt.

Hi Erick,One major hurdle is setting the right price without the insights a real estate agent might offer, potentially affecting your home's marketability.

I like the potential return the pro-forma shows, but I've been burned a couple of times already with expensive turnover, tenants leaving a mess and having to pay thousands $ to remove the junk and prep the unit for new tenants.

There's too much risk to ignore potential red flags.

The potential seller is someone I know and doesn't do much with the property.

Potential Sale price per our realtor: $469k-$489k.

@Kristoffer Tier looking into this method to potentially buy my family and I our first home.

This is not located in the immediate appreciation area but it has the potential to appreciate in the longer run. 

For a reputable builder, ask for recommendations from friends, check online reviews, and visit recently built properties in your area for ideas and potential contacts.

But maybe for the 1st rental that might be the wisest option.As a realtor, do you see any good potential starter options?