Do the math with a small number of units you like best and purchase whichever one makes sense financially based on price/income.

A domestic partnership that sells real estate generally is not subject to FRPTA.Thanks Mitchell.Is that also a tax based on the gross sale price in case of a disposition?

Ask your agent to provide a detailed CMA that includes recent rental prices for similar properties in the area.

Asking 240k for the property, but plan to up the asking price to 250k if/when they put it on the market this summer.

It sold for a high price ($165k) and was immediately listed for rent ($1375 per month).

You can charge for the cost of the screening and your time, but try to keep it reasonable and justifiable.I also recommend you develop a no-refund policy.

@Ashni Modi I really like new construction SFH in Casa Grande, you can find properties that make great rentals from $300-400k, they have a 7% rent to price ratio with zero maintenance repairs or cap ex.

What price range are you targeting? 

Codes change all the time for various reasons. 

Price and timing depend on a lot of factors.