For example, below is a photo of a boarded-up fire-damaged property in poor condition.The popular site for a rental estimates I checked predicted the rent as $2,199/Mo.

If you are referring to design, amenities, stocking and renovation, I have plenty of experience!

I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

Expedia's stock price is almost exactly where it was 5 years ago YTD.

.- RE is overpriced so buy stocks. 

Using zillow as your only data source for analyzing a rental market is analogous to buying a stock because you like its ticker symbol.

Which I think is why MOST properties don't sell for that close to the market value.its not that much different from a stock option right?

With $1M today, and $2M accumulated and invested over 13 more years, I think you are looking at an end state NW of ~$5M.Personally, I’d love an end state $5M portfolio that looked something like this:$750K paid off home$250K cash$2M stock portfolio (as much as possible in tax advantaged accounts likely 401(k), HSA, and less in the Roth in this situation).

I am weighing this option against investing in an S&P 500 ETF in the stock market (historical 10% return).

I'm particularly passionate about finding great deals.Outside of real estate, I enjoy dabbling in the stock market and trading derivatives, and an LA Rams season ticket holder.