If you buy a single family home in good condition, do a few cosmetic changes, and rent it out, it may be less stressful as a first purchase.  

Nobody will pay what he owes on it in as is condition.

I do not have the size of the property nor the condition of the property you are looking at but I will say you do not see too many single homes that go over 3K/month in that area.

There are many additional conditions and clauses you need to protect yourself that are not in it.  

The standard of condition is also governed by "normal wear and tear".

It depends on the condition of the home as well.  

Also: If you don’t know much about the Tallahassee area, there’s a great supply of potential motivated sellers based on the condition of homes here.

By negotiating not only the price based on condition which had a laundry list of problems including a hand full of larger items but also that we had the right buyer willing to figure out the problems throughout the transaction and take it on.

The low inventory problem has been a chronic one since the Great Recession, and the pandemic only amplified the problem.

Owner-occupied conventional loans typically go as low as 5% and sometimes as low as 3% in special conditions.