If all the properties with similar beds/bath/garage/size/age/neighborhood and whatever other factors matter in your area are priced from $200-$225, for example, then price yours at $175.

But at that age, you figure "what the hell, I will just do it again"  I did it again in the 1980's, eventually with similar results.Life happens over 45 years of investing and belive it or not, some of it is really bad.

Attorney milks the estate $120000 a year salary, buys crazy stuff, and after ten years the money is gone, poof.Dig into the moving parts: ages of all the parties, health and longevity of each, options, who is responsible, who is not responsible... 

At some point, the homefolks age out and need to sell, even if they don't want to leave their lifestyle.

I'd like to be able to get a general idea of the expenses before doing further research into the property to determine specifics (like determining the age of appliances). 

For all the reasons why individuals are anti-turnkey (over inflated #'s, bad rehab, the way the area is sold vs. the reality of the area, lack of market knowledge, overpaying) can all be avoided through due diligence, studying and visiting the market and aligning yourself with an excellent team. 

Google "AML" anti-money laundering.  

I will never be one who lives with nothing and saves eveything however I do live a comfortable life and now will be acquiring buy and holds to help make it easier especially closer to retirement age. 

For the most part, my self-management of my rentals is on auto-pilot and I spend my days doing whatever I want at a very young age!

Most of these regs are anti freedom, anti landlord, social engineering geared, and of little true value.