Although rents increased by 2% annually, the purchasing power of this income is equivalent to $4,325 in today's dollars.Year 10: $5,000 x (1 + 2%)^10 / (1 + 5%)^10 ≈ $3,742Year 15: $5,000 x (1 + 2%)^15 / (1 + 5%)^15 ≈ $3,237Year 20: $5,000 x (1 + 2%)^20 / (1 + 5%)^20 ≈ $2,800Due to rent increases failing to keep pace with inflation, you won't be able to maintain your standard of living.

For example, if I bought a $100K home and, in the appraisal, the land is worth 10K, and the property is worth 90K, then 90K / 27.5 = $3,272 in annual depreciation. 

Mesa or Gilbert, AZ: A Look at the NumbersFor the Phoenix metro area (including Mesa and Gilbert), the forecasted annual appreciation rate is expected to be around 3.5% over the next 10 years, based on recent trends and projections​.

For the 10 year period spanning September 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.8% in that period.With inflation nearing its 2% target and signs of a slowing labor market, the Federal Reserve last month made its first cut in to the federal funds rate since the start of the COVID pandemic.

@Scott Wolf my FICO is low 800s.

Property taxes are $6,156 annually ($513 /mo).

- DSCR = Net Operating Income / Annual Debt Service - If the DSCR is above 1, it's generally a good sign.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

Quote from @Scott Wolf: @Jared W Smith is an licensed architect.Thank you Scott for the tag.

Rents increase 5% annually on average here.My mom is excited about the opportunity and is willing to contribute her 401k towards the 15% down payment on a hard money loan or less if we find private financing.

Does anyone know of straight software instead of a monthly/ annual service with a fee for a commercial real estate firm with less than 150 tenants?