Real estate is math, if the math makes sense and it aligns with your goals then it may make sense to purchase the property.

Any good recommendations on where I can do my homework on off market deals?

@Jose Ramirez math**

Great way to get them involved in doing some relevant math to life, even if they do not know they are doing the math.

I think it might be best to get some quotes and just do the math to see where your time value vs dollar value intersect and make a decision based upon that... 

Let the math tell you what to do...

Hi Everyone,I am beginning the search for my first rental property and I recently became a premium member to utilize the functionality of the Rental Property Calculator, but want to be sure I can speak to the math behind the numbers.

That's 1.5%, not 15%.  75,000/5,000,000 = 0.015 🤣 I thought my math looked suspect!

Also, in terms of tax basis, you also have to account for the depreciation taken (or not, the IRS doesn't care if your grandma actually claimed the depreciation deductions or not, they still count it) while the house was used as a rental. 5 years of rental to your brother, assuming at least $300k of the current value is the building, not the land (just for easy math). $300k/27.5 (depreciation schedule) = $10,909 * 5 years = $54,545 in total depreciation deductions (or thereabouts) for use as a rental.This amount gets deducted from your tax basis and is recaptured at 25% when you sell.

Yeah yeah you can learn a lot from experience, from the streets, but  take math for example.