If you are in a market with long term growth prospects (and we are), then over the next 10 years or so price appreciation will be a tailwind on the returns of your rental. 

Bay Area appreciation can crush “real estate returns” elsewhere, though you can’t bank on it.

What kind of returns can one expect? 

:)Some stats:16 x 2bed, 1.5 bath unitsNOI: 70000Cap: ~10%COC return: ~12%Little about me:Currently working in Corporate America in the Tech sector but I want to build a real estate portfolio to assure my family never ends up homeless.

You get 100% of your tuition returned if you do not close profitable deals in the first 6 months.

You will also need two years of tax returns that prove you can pay the mortgage and that your debt to income ratio will be enough.

Now if the service member is deployed and the spouse trashed the house and didn’t pay rent good luck, you will probably have to wait until the service member returns to proceed with an eviction.

2 years tax return ?

Are they referring to calculating returns?

Your other option would be to take a HELOC and use the money to buy a second property that has a better return to support your passive income.