Most of my tenants  were clean and after they moved out I had to only pay a cleaning lady $400 to clean.

Overall the air is full of potential and I asked my airbnb host to buy his place, its a larger lot w 2 buildings, hes renting essentially 4 rooms/studios out some without kitchen and theres a room for the 247 cleaner lady and a pool (tiny) in the middle, 2 parking spots, 450k.

You could use that money to buy properties and teach the young lady how to manage them.....Just my $0.02

@Paul MerriwetherCap rates are typically 1.5-3pts above 10 year treasury, but also recognize their is significant lag or delay for cap rates to respond For example when ten year treasury rates rose from 2003-2006 it was not until 2008 when cap rates rose.

Here’s the situation, we’ve rented here for 12 years from an old lady that lives an hour away.

Ladies and gentlemen, I don't know about you, but I couldn't find anyone to open a C- Corp, 3 L.L.Cs, and a personal Attorney to complete a living trust (Private meeting with my family), role my current home into the business structure and out of my name, serve as my registered agent, collect all of my mail, take all of my phone calls, and unlimited L.L.C creation for the price I paid!  

If some little old lady qualifies and has good credit, rental history, what's the issue?

Income Rose by up to 30% in Some U.S.

pid=2061Houston Real Estate Highlights in February, 2024;-Single-family home sales rose 7.6 percent year-over-year, the third increase in the past year;-Days on Market (DOM) for single-family homes went from 64 to 57 days;-Total property sales rose 7.0 percent with 7,541 units sold;-Total dollar volume was up 11.8 percent to $2.9 billion;-The single-family median price rose 3.0 percent to $329,686;-The single-family average price rose 4.1 percent to $400,252; -Single-family home months of inventory registered a 3.4-months supply, up from 2.5 months a year earlier;-Townhome/condominium sales continue to decline, falling 8.1 percent, with the median price up 8.9 percent to $237,500 and the average price up 5.5 percent to $258,587.

You Ladies and Gents are the best!