The 1% rule is also a useful measure in my mind for an initial screening.

Begin modestly, take measured chances, and absorb failures as well as victories.

The second property will be purchased with a mortgage (you can determine how high or low the leverage will be by adjusting the proceeds you use or the price point of the 2nd replacement).You are adding some measured debt at a level that your dad can be comfortable with. 

Beyond the fact you are new to the industry will be tying up your investment dollars for multiple years before you start to see any measurable ROI. 

Other public forecasting apps only available up to 6 months.For the second software , it analyzes the contractor/BRRS activity in many metro thru MLS listing and measures the ARV based on previous condition sale and after selling ARV.It will tell which house has the most potential.I will tell you all over if you want to rehab, do it in appreciating markets like CA, WA or CO.

Not sure if I will spend more money trying to get that back via legal measures or not.   

The important measurements are annual earnings and net worth.

.- No lockup period- Monthly distributions with no fees- 14 years in the business- Over 2,000 loans originated- Stringent lending process with solid approval guidelines- Promises an 8% hands free return- Combines private cash and IRA investors into a pool for loans- Funds are used by real estate investors to buy and rehab distressed properties which are insured and liens have appropriate title insuranceThey have 300+ inventors, closed 2,000+ loans, $550m+, and 0 loser since 2008 when they opened.

But if it is turnkey, I am assuming you will probably not be ahead on cash flow from your current property (and likely less).But I want to reiterate, if you say you are an investor and your focus is scale and number of doors, you are measuring the wrong metric.  

I prefer the entrepreneurial mindset & ability to have more stringent contracts/security that you can get with virtual.