You can definitely do better than 1% if you add value to a distressed property and force some appreciation and drive up the rental income with the BRRRR method.

They are in the process of relaunching the content delivery method (I.e., from live to virtual).Park Place Education - http://www.parkplaceedu.com - This is the education platform run by Tony Ferris.  

Hi Matt, Balloon framing was a common framing method for many years but is no longer allowed by the building codes, due to the open spaces created that interconnect floor levels.

Just make sure is done as direct-rollover instead of a 60 day rollover even though both methods would not result in a taxable event.

Explore other options before jumping into rentals.

My family bought it in the 1970s, and adapted it to a rural tourism hotel, keeping its original traits.As stated, the property is currently being explored as a 10 bedroom hotel by my parents + 3 employees, with an annual return of 7%.Nonetheless, the potential is much higher, considering that the restaurant is only open 2 days a week, the bar is not fully being used, and the space for events is completely unexplored.

My wife and I have been exploring options for our future.

First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65 days.Estimated Acquisition: $195,000Realistic rent: $3000/mo ($750/unit)Property Taxes/yr: $5200Insurance/yr: $2400Planned Maintenance/yr: $1200Estimate Vacancy: 5%Down Payment: 25%Management Fee: 8%I have just recently gotten into the concept of REI and I've read all of the forums, blogs, etc. of investors having a hard time trying to find a good deal in the Houston area market, and I found this property quickly, in a public method of discovery with very little effort in about 45 minutes of searching. 

@Ayne CardonaThe percentages are basically a quick and dirty method of saving money for capex, maintenance, and vacancies.

Be sure to explore the forums, too.