I've reached out to a few property managers for comps and opinions for rent and expenditures in the meantime.

However, it's important to weigh this against the ongoing expenditure on your mom's rent.Options 2 and 3 involve reallocating your funds towards purchasing properties, potentially in high-appreciating markets like San Diego or Orlando.

They are ideal when a property requires significant value-add improvements and substantial capital expenditure.➡️ CMBS loans are securities backed by a bundle of commercial real estate loans.

An operating agreement can be used to specially dictate what authority each member has in the day to day operation (e.g can unilaterally approve expenditures under $100) and what type of actions require a majority or unanimous vote (e.g. expenditures over $1,000 or the decision to sell or buy property).

A trustworthy agent is a great resourceTypically, if you buy something like a duplex rent, the other unit out and your mortgage payment difference is what it would cost for you to rent that place or less the deal is worth it.This is also factoring in renovation, capital expenditure, etc.Good luck!

Capital expenditures include material and labor, but does not include your own labor.

Your investment journey can be expedited and living expenditures can be compensated by generating rental income from the purchase of a great home in a prime location close to necessary facilities.

Don’t put every spare dollar you have in real estate and always leave some aside for capital expenditures.

However, one thing that did stick out to me was the lack of accounting for Capital Expenditures.

@Kristen Descant HVAC replacements are Capital Expenditures.