This makes us uncertain as to our own realistic house value.Situation:We are interested in purchasing a new house for us to live in, and rent out our condo as a long-term rental.The house we are interested in is a Meritage new construction. $515,000.

But I'm not sure what is realistic in my area or if it's too saturated.

Real Estate transactions averaging 1-2% aggregate is just not realistic in US.

There needs to be realistic expectations.I recommend talking to a lender to see what your options are.

A good real estate agent that works in your market should be able to help identify desirable neighborhoods, as well as realistic prices.

Initial goal was early retirement but i don't know or think that's totally realistic at this point.

I understand that aiming for 50/50 splits right off the bat might not be realistic until I've built solid rapport.

Current annual income is $101k-Annual rent increases of 3% are realistic making annual income after 10 years $136k-If interest rates lower a refinance would lower annual mortgage expense-an added bonus over time would be appreciation (which will likely not happen within the next few years)Thank you for any input!

Periodically, the tax assessor office will determine what a property could realistically sell for, known as the fair market value.

Buy a couple rentals, quit your job and travel the world is not realistic (anymore).As a city we have a lot of problems with OOS investors who do not take care of their properties.