It would likely double in value, rents would go up, and you would have twice what you are holding right now. 

Manage the Property: If renting, manage it effectively and maintain communication with the seller.Advice and Tips:- Educate Yourself: Understand legal and financial implications.- Build Trust: Establish rapport with the seller for ongoing communication.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential. 

Are the rents posted on the HUD website not the actual rents that are being paid to landlords?

Currently as a 5 bd 2 ba it rents for $2500 but I'm finding it hard to increase rent just due to the fact that there's not many people out there looking for a 5/2 to rent or else they would just buy.

interest buydown, home warranty, closing cost assistance and seller realtor can offer bonus incentive to realtor that brings buyer . another option is to rent and refinance it 

I would not focus so much on the returns, as I would on the experience of the sponsor and team, location of the property, and overall business plan. 

Additionally this property is located right of the interstate making at very desirable for anyone commuting.

The TRUE differences to know about renting to section 8:1.

I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan.

That means you must work to re-rent the unit in a reasonable timeframe.