Their children are grown adults now and still live in the same 1 bed 1 bath unit with the parents. 

I think the biggest thing my parents taught me was to never accept and settle for less.  

I want my children to come "HOME" and have a place that is theirs and parents that can take time to go places and have nice vacations every now and then.

Or it could have been a favor from his parents to schedule the utilities on.

In fact these is one a couple house from one of my parent's rent houses that I wanted to pick up but it sold in the OO period. 

My parents had rental properties so I know a little bit about REI but not sure about my own situation now.Bought our house a couple years ago for $90k, realtor mentioned when we outgrow it that it would be a great house to rent.

I can price in the higher interest rate in my offer price.Mixed use such as what you are looking at is harder to get good debt on.The retail you would need to look at TI needed to land a tenant and required lender reserves which will vary based on the retail spaces.5 levels of retail tenants from least risky to most risky for lender underwriting purposes.Taco Bell as an example.Lease guaranteed by all corporate stores - thousands from parent companySubsidiary of corporate - ex. 300 Taco Bells in one stateLarge franchisee with track record of 15 years in biz and 100 stores etc.Small Franchisee with one to two locations and little experience and assets.Lowest is non- taco bell but just a persons starting up a taco place with no support just a name and a dream etc.Most of my clients buying strip centers into the multi millions are using non-bank debt.10 year term, 30 year amort., high 4's fixed, non-recourse loan with a first 2 years interest only option to push cash on cash another 250 to 300 basis points.

This adds value to me since my units are held in different LLCs but the parent company self manages. 

But if I can get that historical appreciation of a house doubling in value every 20 years, I'm happy.A good example is when I look back when my parents bought a new construction trilevel home in a middle class area (one of the same areas I'm now investing in). 

I was slow getting started as my parents had a house fire in Nov.