I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.

Our 2025 goal is at least 2 income producing properties, with usable equity. 

Fed's "create" things by "making it rain" to create the actual producers to produce.

The automobile existed for decades before Henry Ford produced the Model T.

A non-performing note is unlikely to produce cash flow but profit can be harvested from enough protective equity.

Looks like a young group of professionals with not enough experience, navigating through various market cycles to produce an accurate  business case.  

Hello Allen,Last year, we conducted a study with a few clients and produced a white paper.

I do not have my numbers as well organized as @Greg Scott but my estimate is upper 20% annual return on average.The 3 i am currently invested in, one seems likely to produce an outstanding return (High risk, high reward), one is conservative and is performing to projections, and one i have significant concerns about but has not had a capital call.  

I am in the begining stages of producing a conce0t drawing for the rental property.

Same logic applies here as it does to your previous experience, there's just simply an added layer of the income produced by the property.