It was hard to put my foot down during the conversation and I took a lot of long pauses to explain my position.

Thanks to @Michael Albaum I went ahead and added average rents, average unit sq foot and an average price per sq foot.

My concern is the average rental price is around $1 a square foot as of now in the area so renting out to a single family may not net me enough to profit on it in the future (of course if home values remain steady).

Is there an industry or area rule about how one type of property will rent per square foot compared to another?

I have a 5 year background in automobile sales, so I believe I have framework of the correct skill set for a foot in the door.

Whatever the case we want a lot of exits, and we want to buy under market.As I said, turnkey doesnt fit our model, and we dont invest out of state (with one unique one off exception due to a child's college, and we are losing our shirt on that purchase).I think turnkey is fine if you do your own research, but I think its a mistake to consider turnkey a buy and forget investment.Maybe others who specialize on out of state purchases or turnkey investing could give you a little better guidance than I can.

I agreed, even though she has yet to step foot in my remodeled house 🤦🏻‍♂️.

We do not think it makes sense to redo the electrical as it's just too cut up there are only 2 meters now for 11 units so we were going to assign utilities by square foot and base the monthly amount on an average of the last year.

We are trying for our first child this year and we will most likely move into a desirable school district on the island when the time comes.Since I started even thinking about owning a home just this past February (was renting for 10 years up to this point), I have been bitten by the real estate bug.

I am able to get a conventional mortgage since the house is for my mother and the money she gives me for "rent" will not be considered revenue by the IRS since a parent can "gift" money to a child.