Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Quote from @Scott Mac: Safety - Inherit a fully paid for SFH, in decent condition, in the neighborhood you live in, and rent it out to long term tenants who you are comfortable with.

Cash on cash is only what you are receiving divided by your expenses.

Debt is less expensive than equity.

Quote from @Cody Ford: Im currently looking at a property that has tenants living in them.

My bank account is connected to Stessa to eliminate the need for me to manually track income, expenses etc. 

Have a client that does sober living homes here in B/CS.

Constructed in 1910, this property features a total of 2,793 square feet of living space.

No, not places you heard people want to live, or were told, or think, no-no-no, where you KNOW people want to live. 

If I buy property in a state that I don't live in and put that property into an LLC registered in that state, will it be protected or does that LLC need to be conducting some form of business?