Yes, you bring home more each month but when you compare the amount you bring home versus how much you had to put in, the returns are typically significantly lower on your money when you pay all cash.

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.

Perhaps there is an opportunity for us to work together.Thanks again for responding.If you're looking locally, I'd focus on markets with a decent amount of activity/inventory so that you have more options i.e.

Or does anyone have a rule of thumb on how much profit they typically expect to make monthly on a property?

They seem to have a turn-key service option so you should be able to get a lot of information from them.

One of those options is to let the tenant know you won't renew their lease, then offer them the opportunity to leave early if they find another rental.

I typically don’t read a post that long but yours kept my attention. :-)

Studies typically cost $3,000–$5,000 but affordable DIY options (around $400–$500) exist for simpler properties.

Perhaps do a case study with a hypothetical deal you think is typical for what you are looking at and compare it to the alternative investments you might use and their expected returns.