Low comps, low chance to resell (cold/cool market), overblown ARV?

Hey @Richard Pennington, Raleigh is a huge market for fix & flip and wholesaling.

At what point can I begin to market the property and find a new tenant?

Planning on renovating and renting at market rates.

It will help you see your house's potential equity and present market value more clearly.

The data might be a bit dated, but it can still give us a rough idea of what’s healthy in the rental market.

Those figures are based on market data and info I received from a property manager who toured the property.

I have never done commercial investing and I am not sure how many off-market deals like this will come along. 

They stated that the “market rent” came lower than expected and tried to tell me that market rents in the area justify $1300, which that’s just what I “accepted” on paper from the tenant.

FIRST: This is ALL dependent upon your state and local statutes, so make sure you know what you are permitted and not permitted to do in your market with regards to terminating a lease.And your post is written by someone different about once a week here on BP.