Improvements included new flooring, upgraded kitchen and bathrooms, modern finishes, and enhanced curb appeal.

Maybe the numbers would work for someone else, but my rental standards are a little higher (eg. for me, drop ceilings are alright in a finished basement, not an upstairs bathroom or kitchen.) 

I’m looking at hard money as another option for a turn key property once I finish my first renovation and have more funds to put down 20%. 

I just finished evaluating a number of property management software products and decided to go with Innago.

With no rehab or carrying costs, the deal was simple and efficient from start to finish.

The rent amount may not be the issue, but what you are offering is pretty rough.The other issue is that the only type of tenant you can attract with beat-up finishes are the ones who are on a budget and "don't care".The single best thing you can do is personally tour some of your competitors close by.

@Chris Seveney, I’ve seen the same: anything below 1.0 rarely gets over the finish line unless there’s serious skin in the game or a story that makes the lender comfortable.

Let that sink in.How many sq ft and what were the finishes? 

Anyone who thought they were at the finish line only to have the deal fall apart because of some non-negotiables knows what I mean.

I will be doing the rehab/finishing the home.