Just scroll to the bottom of your listing link and you can see 4 places that are quite a bit nicer for under $1500.You are offering small 900sqft with an original kitchen, only ONE bathroom that is dated and has no counter space, an interior that is a mix of finishes and colors, tile ceiling, super basic light fixtures, no garage and a totally overgrown yard - all of that screams total neglect.

If you’ve got good boots-on-the-ground support, taking charge of branding, guest messaging, and social can absolutely move the needle on cash flow.That said, I’ll echo what a few others have mentioned, if breakeven (or better) is the goal right now, you might want to take a look at the Florida Panhandle.

Since you’re looking at a small multifamily with an FHA house hack, I’d also suggest "The House Hacking Strategy" by Craig Curelop (not BP-branded even though the author is a BP alum).Keep learning, run lots of deal analyses, and start building lender and agent relationships early so you’re ready when you graduate.

We can also likely look forward to less volatile rates and housing market confidence.50 Year MortgageThis weekend, the idea of a 50 year mortgage came to light as the FHFA Director Bill Pulte announced.

If you want to own rentals sooner, house hack a small multi or partner on a light value‑add using private money while you learn.

Guidelines to follow:Only buy in low-cost markets if your costs stay under 75% even after paying for two major capital improvements, such as a new roof and a new water service line.Make sure you can eliminate all obvious safety and health hazards—like broken sidewalks, missing railings, lead paint, or poor lighting.

You’ve got two parallel plays: 1) The condo: don’t move a dollar until the HOA gives a written green light on your desired rental type; if restricted, price a sale vs LTR hold and include dues, special assessments, and an off‑ramp if they delay. 2) The house‑hack: use the bank grant plus your cash to target a small multifamily you can live in; lock financing first, verify rents in writing, and buy light‑rehab so you’re not managing two rehabs out of state.

Keep it simple: pick one stable, landlord‑friendly market, target small multis in B/C areas with light value‑add, and insist the numbers cash flow after vacancy, taxes, insurance, PM, and CapEx.

My name is Colton, and I’m brand new to the real estate world, but I’m diving in with full commitment and a ton of energy.

For a quick flip in the 757 without touching your current loan, line up speed capital and a clean exit before you offer: build a small bench of hard money and private lenders, compare total cost of capital and minimum down, and target light, cosmetic value-add with multiple exit options.