Some other factors to consider - How long are you planning to hold this property?

If he's a good guy, he'll tell you if it's worth considering or not!

Remember, for any claim, if you can just find one case where that proposed claim does not work it is enough to prove that claim is false.So consider this.They it was told toy uo by others is inherently flawed simply by this fact:If I give you a list of 18 year old people that don't own a house... and that list is 2000 contacts large, how many deals are you going to make?

What would you consider a good minimum profit margin?

I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

Analyzing an investment with the Cash on Cash return makes more sense to me.I got .93 from the MLS in Tucson in 2024 - but you also need to consider the longer vacancy vs. a higher grade property. 

Most advisors consider the two (2) year holding period mentioned above to be very safe, but remember it is your intent that matters. 

I'm starting to realize that investing is something I want to consider learning for long term as I spend more time in this industry.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

All of the above and there are many discussions and mathematical gymnastics that are in these forums that prove it works and doesnt work in both ways...consider a first position heloc if you want to utilize velocity banking concepts for mortgage purposes.I got one with CMG mortgage (they call it the All in One Loan) and it put me in positive light.