First question from your post is, "What the heck did you do with your Time during the one whole year you were caretaking your relative?"

They usually cherry-pick fire and safety related items from new editions of the building code that just can't wait, in their opinion.

Hi Khalid, happy to talk shop and help out with anything KC REI related. congrats on your new construction project.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The process is relatively the same. 

I also wish I had started thinking about REI at your age.

A word of caution related to any kind of mortgage: if you get money from your parents and you plan to repay them, then it's not a gift.

The "fine print" here is fairly sizeable upfront fees and high interest rates, relative to a traditional construction loan from a bank.  

I would start a water line replcement business make far more money doing that than we would owing rentals :) On a related subject you have the waste lines that were clay etc.

More in the midwest.I was thinking Vegas because it’s relatively closer to manage when necessary.I realize there isn’t any 1% or 2% rule in LV.Thank you