I imagine the cash flow after a remodel from the consistent rental income would be a great way to build wealth.Hope this helps!

Access to highways, public transportation, and proximity to major airports can impact the ease of doing business and commuting.Demographics:Analyze the demographics of the population, including age groups, income levels, and cultural diversity.

There are a couple notes from the article that make me think this, but the biggie is this passage halfway down:"The sponsor of the bill said he plans to offer amendments to narrow the bill with less of a focus on people renting second homes and more attention paid to hotels that convert to privately owned units that are taxed as residential but still operate like a hotel.These giant corporate properties that are being misclassified as residential but are being rented out as a hotel.

Sure that will make money over time but I was trying to replace my income now.

Our monthly income is just over $20K/mo before taxes. 

Own a $1.2m 4 unit in beautiful SoCal, or a $1.2m 20-unit building in the Columbus, Oh. metro market...would you prefer $7,000/mo in income or $16,000/mo...When you're investing in commercial real estate, appreciation matters, but it is not the sole determinant of value...you can stay trapped in small residential MF in CA where you are limited by market appreciation due to valuation based on comparable sales, or create your own wealth with a value add play in a larger C-class MF property in almost any Midwest market.

You’ll have the stepped up basis and skip right over the state income tax.

., annually or monthly).IRR does not consider the actual dates of the cash flows; it only considers the amounts and the timing (periods) of those cash flows.It's commonly used to evaluate the profitability of investments where cash flows are predictable and occur at regular intervals, such as fixed-income investments or projects with evenly spaced cash flows.XIRR (Extended Internal Rate of Return):XIRR is an extension of IRR that can handle irregular or non-periodic cash flows.

If you have no reserves and have a major problem that makes the rental uninhabitable, you will have no income to fix the problem.

There are all kinds of programs out there that lean heavily on the gross monthly income, credit score, and down payment, etc.