So they used the actual rented data of these companies to compare what rentals should go for in your market.

Use the funds to buy 1 -2 LTR rentals cash or use a loan and get 3 - 5 LTR's.

The rents from the rental pay for her room at board at the retirement home.

@Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.

Sad reality is I'll probably own a few rentals before ever moving out.

Verifying last 2 years of rental history very important!

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I do a combo of short-, mid-, and long term rentals on the northside of Chicago and surround suburbs.