Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best.

You'll want to have an insurance agent familiar with rentals since a lot of the extras on your coverage that you will want, the average insurance agent won't know to give you. 

Real estate investing is forgiving; the average person can still make money even with some big mistakes. 

3) Average income was up 4.5% in 2024.

Since your dad is a contractor with access to affordable labor, the renovation costs could be lower than average.

Quote from @Jason Baker: I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek AdviceThe average person who went to college carries $40,000 in debt. 

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median income is not even in the top 3.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

My DSCR loans, aside from the very first one I got with poor credit, have been right around or below average interest rates.