Thanks for your inquiry. Let's assume that you have an underlying mortgage on the property so whatever the monthly income you can produce on the house needs to be in my opinion $200+ all things relative.

Furthermore, what are your goals with the property? Hold long-term, cash out in near future? See, if you want your money out of the house in next 2-3 years then you would most probably lease option the house to a buyer shooting for no less than 3% downpayment of property's appraised value from tenant buyer but really looking 5% if you can find it.

In regards to owner financing, "yes" that's always a possibility. However, I wouldn't dare consider owner financing (giving buyer a deed on the property) for less than 10% down of the appraised value of the house. It is MUCH easier to evict non-paying tenant with correctly structured lease option agreement than someone you've owner financed the property to. In fact evicting someone from property you've owner financed means a bona fide foreclosure and all the headaches and legal stumbling blocks that can appear.

Scott