The current rent is below market rate (the building next door, exact style, same year, but more updated), is asking $890/month2.

I bought my first home about 3 years ago and it was in need of everything being updated, I do live in this house but have slowly updated this 70s style home.

This lot sits on a beautiful 27 hole Golf course.This is a 24 hour Gated Security community.Houses within this development range from $200,000 – 370,000City Water and City Sewer.Resort-Style PoolFitness Center with Basketball and Volleyball Courts.Call or email for exact location of lots and to make an offer.$19,500 each or $35000 for both lots.

We heard of a ranch style property that had a half bath added 2 years ago. 

I teach Agents to grow their business using their laptop, social media, their database, and their SOI (sphere of influence).Embrace Your Brand Style,Dina Marie Joy

You will have to mange showings a little differently (an open house style will be better than individual showings, so you don't disturb the tenants much)  Your target market will be investors verse home buyers.And as a result you will lead your marketing efforts with Cap Rate and less of a focus on Delta between Purchase and ARV.We use a term "Turnkey Rental" when marketing something like this. 

Developing your style and eventually mentoring others.

If so get familiar with the style in your selected area.

Better than textbook style!

SE are older slump block style homes (say 70's or 80's) that you could get to fix up and add value, far SE are the newer areas , big master planned communities like Rita Ranch and Rancho Del Lago.