Added value to this deal by updating the countertops in the kitchen, new fridge and range hood, new paint on the cabinets, fixed and cleaned single pane windows.

I agree that the other units probably aren't updated, it seemed like the range of rents was pretty wide too.Those are basically my first impressions about FHA vs conventional loans as well.

Now though, COVID was inflating the market so fast here that my original goal of leveraging as much as possible just was not going to happen, and I would be soon outpriced long before more inventory came to market. 

Quotes for this property should range between $2500 & $5,000 based on the age of the electrical system and roof.  

I started looking OOS to other recommended markets but realized prices in my market are still relatively low when compared to other areas, meaning in the $225,000-$325,000 range for 3-4 units but there’s not much inventory.

REI is sexy again, so more people want to do it and we all have access to basically the same information, chasing the same limited inventory. 

Would it be wise to buy one in a range of 200k-300k?

Read up on the TCPA (Telephone Consumer Protection Act), which imposes fines ranging from $500 to $1,500 PER TEXT MESSAGE. 

Your market may be different but locally if you are just looking around it is between 80-200 give or take, wide range. 

GA & VA are both large states with a range of market conditions.