Most real estate investing books will answer this question, and there are a lot of blogs about the topic.

Purchase price: $532,500 Cash invested: $106,500 I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.  

I used to work up there for years as a firefighter and still sell a lot in that area. 

A lot of clients I work with in NY invest here because it's one of the hottest real estate markets in the US and has some of the best macroeconomics - population growth, job growth, and companies moving and developing here.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

You spend a lot of time and money having people do this work, and at the end of the day you don't net any more income compared to a long term rental.

I look at cash flow, purchase price and prospects of appreciation.

Would you pay for half of a new HVAC unit that still works ? 

Even in ChatGPT, you can ask about a property and it will pull in latest data, then you can ask to do any kind of analysis on top.