Assuming identical properties, a 3/2 in Largo FL 2 miles from beach with no pool or hot tub: $50,000 a year. 

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

Quote from @Julian Thomas: Quote from @Wale Lawal: @Julian ThomasYou're in an amazing position by thinking about real estate this early, and with a full-ride scholarship, college is a no-brainer—it gives you time to learn, network, and build capital without debt.

This means we have to get creative with the design: lower-cost tiles, white shaker cabinetry, and sometimes carpet in the bedrooms and basement. 

Quote from @Kristin Vegas: You need to really read and understand your management agreement.A good PM will send you copies of every invoice, no matter how small.

Sadly, we lost my mother-in-law to cancer two years ago, and my father-in-law has since realized he no longer wants to live there, though he remains emotionally attached.The home is in its final stages of construction, needing only finish work and a kitchen remodel to be rentable.

When including maintenance/cap ex, vacancy, pm, misc he will have little, and possibly negative, cash flow.if he invested almost $250k to add less than $150k of value (assume some of the current value came from the home appreciation), there is no cash flow until the initial negative equity position is recovered.  

no debt? 

My own home has no closets.

What about closing costs, rent ready costs, lease-up costs?