@Mike Sfera some property managers might do this and maybe give you general guidelines on what to expect for Class A, B and C areas, etc.

You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

So, I think you can expect interest rates of 8% right now or possibly more. 4.

Also, clear communication with your parents about goals, risks, and expectations will also help avoid tension.

@Dustin Tucker You should expect 1-3 months for eviction timing.

It’s always best to keep this in mind and not rely entirely on the expectation of stable payments.

Trying to figure out what I can/should expect to charge for 1)Purchase price; 2) Down payment and; 3) the spread per month if any on what I pay per month.

Again, expect higher prices than your initial targets.Smaller Cities: Don't completely overlook smaller cities or towns with strong local economies (e.g., a strong university or a growing industry).

The question you should ask yourself is not just what cash flow you want today, but what do you expect 2, 5 and 10 years down the line.

It also sets their expectation so they can anticipate the change in their budget. 4.