I had a prospective tenant (traveling nurse) last week who was interested in renting the unit starting in mid-August and I sent her the link to the Avail application.

I retired from the Army about two years ago, and during the last 3 years serving I started investing in real estate for extra income on the side.

We're doing this for two main reasons: 1) Prevent his dad from doing something like a reverse mortgage and 2) Minimize the amount of money we need to contribute to their care. 

@Ken Chud, I totally get where you're coming from.

I have a former primary residence I want to convert into a rental.

I am a non US resident investor.

I have a rental in a new rural development that does not have city garbage pickup.

Also, if I do, is there certain information that I should be gathering/evaluating, and certain questions that I should ask of the people working at the site to make the most of the visit?

It's about buying, fixing up, letting out, getting a new loan, and doing it all over again.

Listening to one of Brandon Turner's books and he mentions this (https://www.biggerpockets.com/blog/plan-to-make-a-million)My question is how do you calculate your loan paydown for the principal and how much equity you've built up?