Well one would be the equity capture they'd gain right off the get go by buying below market (100k), plus the 7k net rental income, 42k appreciation, 8k principal paydown and 5k from tax writeoff on regular income = 162k is what they'd technically gain. 

I'm a proponent of having the property owned by an LLC.

the challenges with flips  is that there are so many angles to try and cover / consider that it is somewhat like spokes on a wheel… even if you just take it system by system… roof, plumbing, AC, foundation, subfloors, electrical, appliances, septic, materials expenses, holding costs, taxes, etc.  

Still, there are lenders who will qualify you even if your mortgage payment will not be fully absorbed by the projected rental income. 

If not, I would probably consider selling it.If you do hold it, once rates came down by maybe 2% you could refi it and hopefully see cash flow where it was worth refi-ing it.Hard to give a solid answer, but hopefully helped point you through a couple of the hurdles.Randy 

He has talked up the tax benefits that I could take advantage of by making such an investment. 

No credit score by itself is not necessarily an issue, but it creates a big hole in the information puzzle.

Jason is essentially the Rex Kwon Do of real estate negotiating.Honestly, you can get 10x the negotiating education by spending an hour on John Martinez's YouTube, BiggerPockets or any number of $20 books.

BiggerPockets has lease agreements here: https://store.biggerpockets.com/products/landlord-forms-by-s...You can also use sites like Rocket Lawyer to help you: https://www.rocketlawyer.com/ If you speak with a lawyer on their site, it may a little more affordable.I hope this helps.

I also agree always raise rent by minimum of $25 except for rarities such as 1st year of covid.However, I will turn around the statement “A tenant is unlikely to move for $20 a month.” to “it would be a shame to lose an outstanding tenant for $20/month”.