Even in a perfect world with no maintenance and no vacancy, you would pay $700/month or more in the hopes of gaining equity.

They can take care of a lot of the monotonous tasks, and even do things like send leases, screen tenants, add rent charges, pay utility bills, the list goes on. 

If so, make sure to visit/know of the grocery stores, restaurants, things to do, etc around the area even if just driving by.

Even then I've had to fire PMs and move to another one.

Even facebook will have some.

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.

However, Peerspace has $100 deductible for qualified damages which is not so great for minor damages, or even some damages that cause around $200-300.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

It will take a lot of evenings, nights, and weekends of sacrifice and hard work. 

Policy will not impact the market for a while, even a $25k first-time home buyer credit will need some time to work through the system.