I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

In addition, we pull our own comps and use Lightning Docs to generate our loan documents.

The best deals will likely be the ones you generate yourself.

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

A real estate business can also potentially generate a SOLO IRA or something like that. 

A vacation rental could generate higher returns but requires more active management.

You need a lot of units under management to pay a maintenance tech 40 hours per week.When determining when to hire a PM or ops team member, that greatly depends on how much revenue your units generate.

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

One fast way to generate cash flow is to invest in high cash flow, low appreciation markets (say several midwest e.g.

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.