Real material cash flow is basically 50% of your net income.Cash flow is a metric that requires a debt ratio.

Portland has one to the Lloyd center once the largest now basically defunct. 

It will familiarize you with the basic terminology and benefits.

Basically, it just depends on the comps in the area and the property values in that area.

I don't immediately see any reason that their basic home value and rent indexes should be considered fundamentally flawed based on that connection.

For your first question, writing a scope of work (SOW) involves detailing all the tasks and materials needed for your project.

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

I started him on handy man tasks.  

It will familiarize you with the basic terminology and benefits.

This is going to be a combination of agents, financers, property managers, ect. who are going to do the day to day tasks of finding and managing the property for you.