I started learning real estate investment to quit my full-time job and spend more time with my 3-year-old daughter as well as build cashflow to pay for her future private school tuition.

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

More advanced financials include IRR, Cash-on-cash return, Cap Rate, 5 Year Appreciation values, and all other high-value STR metrics for a solid long-term investment.I helped create the calculator, so if you have any questions, please feel free to reach out.

Hey Natalie, I was in SF proper and then Walnut Creek for years.

It's updated yearly and is the best $40 you'll spend as a Landlord. 3.

You can make photocopies of the pages that show 3 different parties living there, with notation of the year and that will be proof that it was a triplex at that time. 

Rich Dad Poor Dad was my first book I ever read in English many years ago.

Masyn - I bought a quad this year and although I had to put down a larger down payment the cash flow will be good/above average in the long term - mainly because the existing rents were $300-$400 below market.

This includes mandatory structural inspections for buildings over 30 years old and the elimination of the option to waive reserve contributions.

Not sure how old the home is but typically anything over 40-50 years old I am sending a camera down the lines.