Depending on the ft2 of the house, the need for permits and unknown expenses, you need to be in the range you are at . . . over $100K and you will likely be underwater.

I also ask the current tenant if there are any maintenance/repair items that need my attention, and I address that while they are still in possession.Oftentimes the current tenant will leave prior the end of the month depending on when the last weekend falls, which also gives me a few extra days to do any needed cleaning or repairs. 

But also, I would say that single family you will likely have longer term tenants depending on your area and how nice of a place it is.But a duplex you have to deal with managing two units for the same rent as the single family.  

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Each has pros and cons depending on your goals and investor appetite.Due diligence: Be meticulous with underwriting — investors want to see solid numbers, realistic projections, and risk mitigation strategies.Communication: Keep your investors updated regularly with clear reports and transparency.

Depending on the price range, I would look at Cleveland, Ohio.

Next step is to get a preapproval from the agents recommended lenders  and make sure you're financially ready to take this step.It is time to take yourself off being fully dependent on the podcast, and find an agent with experience in your area to learn about the best strategies to use specific to where you are. 

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Prescreening and other hoops depend on the Class of the property.The lower an applicant's credit score, the less likely they are to cooperate with prescreening hoops - unless they are desperate, which then they're just a waste of time.What Class is your property?

Regardless of whether or not bonus depreciation reverts back to 100%, 50% on newly constructed properties only as was the case prior to the Tax Cuts & Jobs Act (TCJA), or 0%, depreciating assets according their CORRECT class lives via cost segregation on properties held for a minimum of three to five years to minimize the effects of depreciation recapture upon sale is still beneficial depending on the taxpayers' circumstances.