Great guy and a lot of experience servicing the real estate industry.

The Combined income was over $350k per year.I can't tell you how many Investors I have known for the last 20 years miss the boat because they couldn't find themselves "Betting" on the trends.I think if you can put your fingers on the pulse of the Market, you can easily beat the averages, by FAR.However, not everyone has that kind of risk tolerance.

As you probably already know finding great deals is tough in this competitive industry but definitely possible. 

You could look into working in the real estate industry as part of a property management team and learning to manage rentals.

We always called it FIO in the hotel management industry...meaning Figure It Out one step at a time.

The math here would be something like "the average of six 5's is somehow 4."

Two blocks could be the difference from a great investment to a below average investment.

Every deal is different.Franks evaluation is basically industry standard and will get you to where you need to go when doing quick evaluations. 

Recently I’ve been diving deeply into exploring the note industry and learning as much as possible.

From estimates received from contractors it might be a maximum budget of $30K to do a garage conversion where I'll rent it out as a 1bd/1ba for about $700 monthly or make it into an AirBnB that can average $2k a month.OR use the 30K to use as a downpayment on a new property with a mortgage but I feel the profits would be less in this market along with the rising interest rates.