Which ones will still deliver in a down market? 

Market Conditions Aren’t Always in Your FavorHouse hackers often assume their property will appreciate and rents will rise, but that’s not always guaranteed.

Having a strong agent or team is crucial for identifying the right opportunities, navigating the market, and scaling effectively.Good luck!

We didn’t find a joint investment, but I found an off-market deal and invested with my dad separately.

Analyze Rental Comps & Market Trends•Look at recent rental comps in the community—not just those from a year ago, but the most recent listings with similar size, layout, and features.

One unit is remodeled and empty and the other is not and has tenants paying way under fair market value ($700). 

Quote from @Quinzel Waiters: Hello all I'm new to the Real estate space but I'm working on getting my first off market dealCurrently I'm looking at a heavily distressed property that's priced too high.

Have you found certain markets or zoning factors that make the process smoother?

They work well in areas with steady rental demand like suburban neighborhoods or cities with strong job markets​​.Considerations: Your property management needs will be lower, but rents may rise more slowly over time compared to short-term options.Short-Term Rentals: High Risk, High RewardAdvantages: Short-term rentals can generate significantly higher nightly rates, especially in vacation destinations.

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.