Quote from @Alecia Loveless: Something is better than nothing, but I would offer more like $250 or 1/4 of a month's rent.

Is it better than your alternative uses for your money?

Or, is it better to look at it on a per investment basis.

Way better returns on the cost seg than you'd ever cash flow from an LTR. 

Rules can change, and it’s better to anticipate potential restrictions down the road.Builder Restrictions: Builders sometimes place restrictions on rentals to maintain the "character" of the community, especially when they’re still selling units.

Its like a short-sale, its better than a foreclosure but has downsides as well. 

This was the first property I ever purchased so I have a lot of equity and I feel like it could be better used.

I think 7-10yr balloon would better suit a note buyer if you go that route.

You could build one but it is better in most cases to buy one already existing.

There is a barrier to entry, and the city is pro business, but our market had much better metrics.Lower entry points should not factor into getting in a market.