To me this is either a house hack or a modest, class B or better, LTR, but if you're up for an STR you can definitely make more faster. 

.- Suggest you look CLOSER for Class B properties.

It might help to know if you are looking for an A, B, C or D, type of neighborhood.

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.

Quote from @Bill B.: 1) I think it’s “funny” that not one news article I ever read for the last 5 years had headlines like “Housing at historical record lows!

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.

Quote from @Bill B.: A quit claim from an authorized WF employee? 

B) Sf 3/2/2 rent house 200k value, no loan.

Getting pre-qualified or having a lender relationship in place will give you clarity on:(a) What size/type of deal you can realistically pursue(b) What kind of down payment and reserves you’ll need(c) Whether you need a co-sponsor or key principal if you lack experience(d)The loan programs available to you based on your profile 

Most PMCs, including all the national franchises, are set up to only handle Class A & B neighborhoods/properties/tenants.So, you're going to want to alter your method of searching & screening for PMCs.