If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

I’m planning to move what I have in stock market ($2.5-3Mil) to buy a good realestate.

Our daughter lives three block from there and we thought eventually she possibly could move in there.

@Jerry Zigounakisi'd pick a market close to you, or one you have strong ties in, rather than trying to get to one via math.can you invest where you live, or 1-2 hours from where you live, or where you like to vacation, or where you went to college, or where you plan to move someday?

I get get really good prices for home games, graduation, ceremonies, moving kids in and out etc.I get all these bookings from VRBO.

Well, there are multiple moving pieces.

Look for multis with separate entrances in different areas like one door in front for one unit and a door on the side or back for another.

You are on a great trajectory and learning curve because you are learning from your mistakes and also preparing to move slowly instead of scaling before you are ready.

The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable. 

When the ROE is significantly smaller than my CoC return (based on initial investment) I know it's time to make a move to increase the velocity of the money.