Quote from @Jeff Mooney: Hey BP,I’m in talks with a potential seller who owns a 3 bed / 2 bath single-family rental.

Quote from @Michael Nguyen: I recently started a real-estate business with two partners and friends.

If this is your dream retirement place, perhaps you use the LTR to simply subsidize your purchase even if it's not fully cash-flow positive. 

I would focus on 3-4 units to get the best economies on scale on the purchase and see if there's any value add properties that would be a good way to force equity in the home.

You can still find properties in the $120–180K range that cash flow well and hit the 1% rule, and the landlord-friendly environment makes rehabs and property management more predictable.

Minimum Spread You Want (Beginner Rule)A simple beginner-safe spread:ARV – (Purchase + Rehab) = 20–25% marginExample:If ARV is $260K, you want to be all-in at $195K–$205K max.That gives room for:Agent commissionsHolding costs (DFW taxes are high)Small surprisesSoftening comps5.

Use a simple Noise‑to‑Numbers scan: confirm bed/bath and finishes vs top 5 comps, set your listing to hit the next lower search bracket, swap in a bright, clean cover photo, and add a first‑line move‑in credit with a clear deadline.

I would meet with an investory friendly agent, meet with a lender so you can lock down the zipcodes and areas you would be focusing on.

In this case, you were right that this is unappealing; however, you missed that $1800 is very low rent for this submarket on a 3-bed unit.

@Brinley Suppes - Using realistic comps (same square footage, bed/bath count, w/in 6 months) as well as providing reasonable renovation estimates goes a long way to standing out as a wholesaler.