@Ramada EvansBefore putting in any offers, I would make sure you know what the going rate is for a 12-month lease in your neighborhood, for a similar property (in its current condition and if you updated it).

Credit score can help you secure a great rate so make sure to get started on that if you aren't already.

Rise up the ranks to a c suite position.  

What are some decent areas with low property tax and high occupancy rate?

Get them out and rent the home at market rate without the garage.

In todays environment of back to historically normal interest rates and higher home values - now really is not a great time to buy.

You should pay them an hourly rate for all of this.After all, there’s no guarantee that you will even end up buying a property or selecting them as your cohost.

That’s a good point about the bond market and mortgage rates.

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

@Ben Berg with renting rates, roommates or a straight rental, you always look at comps, or comparable homes.