Rates can be as low as 3.50% depending on several factors.

To get to the 5% vacancy factor you can have only 1 more month vacant in the next 95 months or almost 8 years. 3% of 2600=$78. plus $160 more for capex plus $300  additional for property tax=$530 additional expenses per month

I will continue this process intel I have built up enough money to go into more commercial real estate.The goal is $1,000,000 in cash flow by 50 years old.I understand there are a lot of unknown factors but are my expectations set to high for real estate or is this achievable?

In the long run, passive investments seem like it'll definitely factor into the plan, but I'm presently more interested in learning and gaining experience with individual investments - assuming that having some more experience now may help to ascertain the quality of a MF investment down the road.

Parking is also a HUGE determining factor for most tenants other than the College Rentals.

Obviously the percentage would be determined by multiple factors.

To clarify, this would be a primary residence so rental income wouldn’t be a factor per se.

The trust factor is another topic that seems like it may be tough to navigate, even beyond just buying from someone.

I'd emphasize that tax assessment of $700k means market value and potential sales price of well over $700k, exact amount depends on the exact location and condition of the house of the house and land.The best financial situation for your parents may be to sell and pocket cash from the sale, but I understand there are always more factors in play: maybe they don't want to move, maybe they couldn't afford buying another house that would meet their wants/needs, horse boarding, etc.As far as if this is a good investment for you, I'd say yes!

My second mortgage would be $183,000 (did not factor in downpayment)So, the numbers look like this:"Subject To" mortgage (PITI): $2,750.00/monthSecond mortgage: $1,017.00/monthGrand total: $3,767.00/monthRents in the area: $1,300 for the 3 bedrooms and $1,200 for the 2 bedrooms.These numbers are actually on the low end and I’m confident I can get $50.00 more for each unit.