@Richard Hayes great plan and good luck in achieving your real estate goals

I’m not sure what the rest of the wall looks like, but you could achieve a finished look with a barn door.

Depending on the location and condition of the home the 75% occupancy is more than achievable, and the stated rates may actually be on the low side.

We've done very well in those markets achieving double digit returns and strong appreciation for the midwest. 

I am interested in achieving steady, passive income so that I don't have to work full time anymore and can be a stay at home mom. 

If you are already achieving great cash flow, the appreciation is just icing on the cake.

If limited liability/asset protection is the concern, you may be able to achieve similar results from a 3rd party property manager and adequate insurance.  

Once you identify the end goal you can work backwards to find the right place to help you achieve that goal by identifying certain markets or areas within markets that are a food fit for you.

If your goal is to cash flow a little every month or break even (using BP principles to analyze), it might be tough to find a turnkey property on our MLS in an area you would want to live that would achieve that goal.  

Achieved compounded annual appreciation growth rate of 7.5% at time of sale.How did you add value to the deal?