With interest rates up to a more normal level, mortgage prices will go up and house prices are already high.  

I would advise you to work on this you are in a high risk business that is a fact you can not escape it get comfortable with that.  

Problem is recent sales will cause -/+ estimates when you have "All cash" sales, Fire sales, High DOM recent price drops, etc. 

That is an extremely high jump!

Yes, it won't be efficient, but you'll have to ask whether efficiency is worth a fat purchase price, unreliability and short life-span.2. if you have a modern furnace, mid-efficiency and high-efficiency are two of the main types.

You can buy multiple houses instead of one, and although the rents are not as high they are higher than you would proportionally expect.

It's reassuring to realize I'm on the right track, and even more so, to be part of a nurturing community where forming connections with investors and gaining insights from seasoned experts like you is highly valued.

His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base.

I d9nt know the market conditions of the subject area but my educated guess would be that it does not produce high levels of appreciation like So Cal would so I don’t think that is a play for this deal.

Investment Info:

Single-family residence buy & hold investment.

Purchase, remodeled, currently using it for MTR and STR.