Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Sometimes, there is also a tenant already in place which means you can start generating rental income from day one.

Hey @Michael AlmandI am analyzing a tool called 'Rehab Estimator' that helps you estimate rehab costs in your area and generate the statement of work (SOW) based on your selections.

My property generate 4100 per month and it is a 2 family.

It is already renovated, tenant-occupied (or ready for tenants), and generating income from day one.

Renting the PropertyIf your parents rent out the home, they have multiple income-generating opportunities: Renting As-Is: A 4-bed/2.5-bath home in a desirable area could command a high rental rate, likely around $2,500–$3,500/month, depending on local market conditions.

The integrations we setup for you plus the drip campaigns of texts, emails, ringless voicemails, and direct mail pieces to automatically follow up with sellers may make it a good fit for you Are you just cold calling currently to generate seller leads?

Quote from @Brendan Jones: I am very new to learning about real estate and am looking for advice on my first home and how I can best use it to help offset my mortgage and generate cash flow.

. - if I use my cash, the investment needs to generate > 5%.

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.