On-site evaluations allow you to examine the property's condition, identify potential difficulties, and precisely estimate renovation costs.

Once you find a house that you believe would be a good rental, meaning desirable to your target market of customers (people within a couple of mile radius of the place), and all of the costs of monthly ownership that you can accurately project fall below the rental amounts that you project that you can get from your target customers, then you have a possible business asset that you can use to produce income, and have renters pay down the mortgage, while hopefully it goes up in value at least with the rest of the economy. 

@Tim DiMario- thanks and welcome ...I would recommend getting formally pre approved for a hypotehtical scenario with a lender ...This process will help get you organized / prepared and its free ...you will also learn a lot ....if you never  buy anything or dont buy anything for soem time - its  OK ...good luck

Don't just ask for something, try to give something first - a Joint Venture opportunity - cold calling for free - etc.

taxes/insurance costs?

ADU rents for $1,600/mo with an all-in cost of $25,000 to complete renovations.

Please feel free to propose others.

Also once a month and have a education component.Feel free to get in touch with me and I can forward on the meeting invites.

That is better than nothing…  If you’re comfortable, feel free to DM me the address and I can look it up for you!

Common mistakes can cost thousands.