@Ryan L. appreciation and cash flow tend to exist on opposite ends of a spectrum and your investment strategy should move along a sliding scale between the two based on a variety of factors.

If one does give you their access they'd be risking a violation, and subsequently, their license.

While so many focus on the low yield from a cap rate perspective, don't forget that lower cap means you have a stronger multiplier for the value the rehab and subsequent NOI increase brings when you refi or cash out.

          Here's some principles that helped me get a great CPA, and subsequently helped me get financed on my first commercial loan.

For this purpose, the adjusted basis for determining loss shall be the lesser of either of the following amounts, adjusted as prescribed in § 1.1011-1 for the period subsequent to the conversion of the property to income-producing purposes:(i) The fair market value of the property at the time of conversion, or(ii) The adjusted basis for loss, at the time of conversion, determined under § 1.1011-1 but without reference to the fair market value.

I notice that IRR is really manipulated but sliding cashflow up earlier than what will really happen so I don't look at that. 

While I do think that there are a lot of reasons to remain cautious and underwrite as if there will be an adverse cycle during the life of any asset acquired today, I think the long bull run in income property has a lot of runway left in a lot of geographical areas.Your family is smart to save some dry powder to take advantage of opportunities, but I suspect that if they are waiting for a reset of pricing and an opportunity to buy at a discount to today's pricing they'll be waiting a while.A key difference between you and your dad is you have a lot more time to make your money back if you get into the market and subsequently get wiped out. 

"Indoor/outdoor living" is the concept of putting in a huge sliding glass door (the size of a whole wall), for instance, that would, when open, combine a background and living room into one free flowing state.Market research indicates that renovations, and subsequently, "indoor/outdoor living", are very popular right now.For a personal perspective, would it be worth it to put these types of products in a Class B home, in a Class A or Class B neighborhood?

Subsequent deals should become easier to finance.

By doing so I've subsequently bought better.