Quote from @Henry Clark: Quote from @Ashley Wilson: @Henry Clark I respect your perspective, however in my experience (I have coached over 200 students) the majority of students don't know where to start to analyze a deal.

Not sure how much money % I can save if I do it myself too? 

A few chapters in, I can't help but wonder—do the strategies outlined in the book still hold up in today’s higher interest rate environment?

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.

BP is the best place to start.  

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

I would do the deal if I were in your shoes.

If you do it all above board, you would pay taxes on the rental income received and your daughter would be using post-tax dollars to pay rent which isn't the most efficient.

When I started our STR I had the old oil furnace removed and replaced with a heat pump.

It seems now we have a bull market and if it starts going the other way I would like my rental to at least continue to produce monthly cashflow...that's where I'm at now...still researching and seeing my options... $46,800/year in cash flow with $500k is a nice yield at 9.36% ($46,800/$500,000).