I believe the value would get passed to them and the current market rate. 

On a daily basis I get questions from investors/property owners about the rental rate for their rental property.

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc. 

There is a house (2b x 1b) in the family I was interested in becoming the owner of.

Do the numbers make sense with each and all interest rates? 

Weekend work is emergency only and it gets billed out at double our rate . 

Is it the last rental rate you charged, or is it the going rate in the area + 10%? 

Hello Solomon,A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying.