I have allowed a teen to join one house, father is deceased, mother addict, my renters are the aunt and uncle related to the deceased brother. 

Not sure if you'll get to 20%, but in some of the turnaround parks I'm underwriting, you can get to the high-teens after the park is stabilized.

I get the importance that has to be placed on the location, neighbourhood, growth/appreciation/stability/peace_of_mind along with the cash flow.I remember reading conflicting information about the cash-on-cash that investors aim for - some mentioned they won't even consider if it is not in the teens or higher.

Originally posted by @Caroline Bertoni:she's definitely sour that the house was signed over to me even though she has said she doesnt want it and didnt want to stay living alone.Family counseling doesnt work, we went when my dad passed and all she did was throw everything back at my sister and I.Thank you to everyone who has responded, I am just lost... ive never owned a home nor have I had to go through 70+ years of stuff and decide what goes in the trash or gets donated or given to other family.If you get a younger family member (like a teen) to be your helper when you toss stuff, it may be less emotional and maybe even be fun. 

In addition, I had to send my teen (good kid) out to live with him, because of the pandemic. 

@Greg PondThrowing out the obvious non-sexy repairs -- roof, sewer, etc. -- that nonetheless matter a lot, I'd say there are four big renovations that bring a nice return on investment for properties in Denver and Colorado Springs.A moderate kitchen update.

One thing I would add is that looking for 'off-market' properties can sound like the sexy thing to do in real estate, but the reality is unless you are 1) buying in cash or some near cash loan equivalent and 2) planning to look for off-market properties on a large scale, I think you will be spinning your wheels.

@Keegan Darby, I like to see $150-200/unit/month and a CoC ROI in the mid-teens or better.

If you don’t have the patience to park your capital in that, and it’s not sexy enough, you aren’t cut out for this game anyway.

Consistent and stable are not as sexy as a 500% return!