That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

What kind of rate should I be able to get right now?

🎉 As we kick off 2025, I want to encourage all my fellow Americans stationed in Germany—or preparing to move here—to start thinking differently about your housing allowance.Did you know that your housing allowance could be more than just a rent payment?

Next, I'd get my electrician in there STAT to give me there quote to get it done. maximum scope, account for all variables, not a "hopefully it's just..."

I explained to the landlord what my business plan was, and paid him a set rent amount each month (though slightly higher than market rate rent).

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

They should be able to teach you about asset risk, neighborhood risk, lay out A, B, C and D class areas, have stats on delinquency trends, vacancy trends, and other variable cost projections. 

I have my dad’s house (he passed 2 years ago) and am wanting to rehab it & rent it.