Finding good, quality deals with value add that we feel are not over-priced2.

Having these facilities within a short walking, driving, or biking distance will dramatically improve quality of life and easier integration into the community.

What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

Quality workmanship.

Assume a good quality $375k 2bd/1or2bth duplex 4.75% rate, 20% down, $5k closing costs (assume $60k of needed $80 will come from father technically), no initial repairs needed.

@Brandon Swartwood There are several methods to calculate the property value.

My view is that people are a big part of a business, and that affordability and quality of life for employees (as opposed to convenience for the CEO) may be the parameter that tips the scales. 

If you are looking for more appreciation, better quality tenant, and are ok with the thing just floating itself until you can pay down the mortgage and realize the appreciation, then I would go PA. 

Leverage is the method investors use to increase cash flow.

The amount of coverage is not as important the quality of coverage.