I also find that often times when people consider this, the home isn't well suited (too small, not enough bedrooms, not single story).

What was your experience with this?

This post can be deleted as I have found other threads of the same topic.

What are the pros/cons of this?  

Also, not looking for feedback about the value/necessity/negatives/ or need of doing a study.

So excited for this!!

Thanks everyone for your input, this is all new to me just starting to investigate this market. 

Glad to have you as a part of this awesome community, Alyssa! 

Hope this helps!

This amount aligns closely with your rental income after expenses, so you’d be cash-flow neutral or slightly positive.At the end of the five-year term, you could aim for a balloon payment based on the property’s future value, which should appreciate by around 4% annually.