Seller distressed and willing to sell his property for 22% discount, however his family is living inside rent-free. 

CPI measures general inflation for consumers for major individual expenses such as food, gas, shelter, and other basics.

My tenants have been in place since 2019, and so far, I have been renewing and updating the lease with a 1-page Lease Amendment-Renewal Agreement stating the new term and increased rent amount. 

Comparatively to the markets in California and NYC, it is much harder to cash flow with how inflated the purchase price is of most properties in these markets vs properties in Philly. 

Is the rent paid in full on time, every time?

Can I rent it after the fact?

The best advice I can give you is to rent for a year.

Total PITI : $2,800 p/m ADU: Rents : $1900 p/m Home : would rent for $3k per month Potential Gross cash flow: $2,100 per month Purchase: $500k Current ARV: $900k Can these numbers be achieved today with high interest rates and high prices ? 

Mix up who rents from you and use tools like Zillow and Airbnb.

I am renting out my first property and I have a tenant that is interested in the property but wont be able to move until August 2024.