Hi we have been approached to rent out our 4BR/2BA residential home to a group home for at risk youth.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

We’re operating in a smaller Ohio market, and while we've brought in the top real estate agent in our region to sell the first six units individually, I’m considering whether a different approach might be more advantageous.Rather than selling unit by unit, I see potential in structuring an exit to an institutional investor or a well-capitalized buyer for the entire development.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

What approach is correct?

Also, I just read that the the 2024 lifetime gift limit is $13.61 million and I will NEVER approach that amount.

I am new to creative financing and don’t exactly know the ins and outs of what would be the best way to approach this.

Once you know the "basics', you can then invest OOS more successfully.If you can't afford to invest in your home area, how will you grow your knowledge of an OOS if you take a shotgun approach to where you buy?

Do you provide personalized guidance, or is the mentorship more of a one-size-fits-all approach?

Have you used the income approach for the current rents and the projected rents?