Check on Zillow to see if there are any other rentals nearby and of course, you'll have to rehab it to rentable condition.To figure out what rent you can expect, look for similar houses on Zillow, HotPads, Craigslist, rentometer.com, RentRange.com, Trulia and check with local agents and brokers (some might even run you a Lease CMA).

Adding to that....Look for other similar properties, ideally duplexes, with similar square footage, built around the same time, as nearby as possible.

You might be able to get a multi-unit property near the college you just attended, or one nearby.

I would be happy to meet for coffee and discuss the different projects that you may be looking at in the near future.

Account Closed Jerrin, we can definitely grab a coffee when you come down and talk about the best way to get you acquainted with the area! 

Some people love living in apartment complexes because of the amenities, it's frequent for SFRs nearby (if both are in good locations) to function in harmony because a steady stream of people will be looking to . . . get a yard for their (oversized, non-apartment-friendly) dog, get rid of the noisy upstairs neighbor, get a little more privacy, "move up" a bit, etc.  

If anyone in the area would like to grab a coffee or jump on the phone to talk I would love to get some great advice.

If anyone in the area would like to grab a coffee or jump on the phone to talk I would love to get some great advice.

If anyone in the area would like to grab a coffee or jump on the phone to talk I would love to get some great advice.

The best recommendation that I can give you is to find a local mentor in your market who is willing and happy to hand-hold you through your first commercial deal.Commercial leases are typically more complicated than residential, and the "after renovation" value of the property can be subject to a lot of factors.Walk before you run -- find a few people who have knowledge in your local commercial market and buy them a coffee.