Tell them they have 30 days to leave, but offer an incentive for them to leave earlier.

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

Anytime you see a house getting flipped, watch to see who lists it.

Financially, I have a somewhat tight budget, 1) Single Fam Reno's - I keep 125-150k as working capital for my BRRRR's (normaly keep 2-3 houses purchased and in line).

Currently getting quotes from contractors to expand and finish the basement in my south philly row house (east passyunk).

While this is in another state, it should translate.I just bought a house in Florida and it has a detached garage that was converted to an efficiency apartment.

It was a house that I was presented with the opportunity to purchase.

Purchase price: $200,000 Cash invested: $20,000 Sale price: $377,000 This was the first house I ever purchased.

It's a 3 bedroom 2 floor house so I figured individual renters is not what to go for.

It has a population of about 90,000, and it is a much higher cost housing market than Albuquerque (incl Rio Rancho).