This is the nature of the business, you are not doing anything wrong from what I am seeing.

Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game. 

Echoing what @Rick Albert said, see what your market has, based on what you want to charge for future rents.  

In terms of expenses after the in-service date, be careful with certain expenses llike a roof - even if the cost is incurred after the property was placed in service, it may still have to be capitalized instead of expensed based on the nature of the improvement/repair.

And based off of the price and interest rate we have, I don't really want to let if go.Any input is appreciated.Best Regards

Since you'll need to undo the recent renovations and don't want the furnishings, it makes sense to base your offer on the home's previous value.

To earn passive income through commercial real estate, investors should aim to purchase properties with desirable locations and solid tenant bases and hire a property management company to handle day-to-day operations.8.Private LendingPrivate lending involves lending money to other real estate investors for their projects.

Currently unbrandedbuilding is 2400 sqft.Town population: 2500Daily cars passing through that street. 6000 (based on 2022 data)No working pumps- will be rebranded by purchase.

It's crucial to note that the STR market is not collapsing; rather, it is going through a natural evolution. 

However, the specifics can vary based on your lender and the terms of the sale agreement.