Advice needed on two rental SFH (Newbie)
So I want to try the buy-n-rent strategy in my area. Got connected with an agent who own several rental SFH. Communicated a bit of my capability and needs and then set out and looked at several SFHs. The agent said he would get commission as seller agent. Two of them (A, B) looks attractive but I have uncertainties and concerns that would like your advice.
One big concern is that the rent seems vary a lot ($795-1100) for nearby similar 3/2 SFH. I put in number towards the low ends which definitely lower the cashflow. They looks to me quite similar: sqft, 3/2, etc.
The other thing is the both are marked as "sold as is". One (A) have cracks in the wall/ceiling but I was told it is not a big deal because foundation is concrete. One (B) has a rotting roof section over a bath that was added by the owner; that part of roof is flat so the water cannot drain.
The renovation cost is also a rough estimate without appraisal. Not sure if I overestimate or underestimate it. Both needs new floor finish, some paint, some bath items, some kitchen items.
I attached the numbers I estimated. What do you think? Any comment/advice are appreciated.