Best training, best business model, best income model, best technology and best culture - I realize that sounds over the top, but guess who is growing the fastest, has been voted #1 workplace by Forbes and is since last year the largest brokerage in the US?

I know these may not be accurate and I will have to do more research and make some calls, but I ran my analysis with those rents.

I ran comps for the area.

Let me understand your P&L - I ran it into my spreadsheet using the following:Purchase price 160,000 (25% down mortgage balance is 120,000 at 5%/30 yrs)25% down and 5% closing costs (total all in cash = 48,000)Rent is $1450 per monthIncome:RENT:  $1450.00Expenses:Mortgage:  $644.00Insurance:  $100.00Taxes:  $400.00 (3% of purchase price per your note, so $4800 per year)Net Profit:$306.00 per monthWhat you are NOT considering:Property Management:  $145.00 (10% of monthly rent)CAPEX:  $145.00 (10% of monthly rent)Vacancy:  $116.00 (8% of monthly rent)Maintenance:  $116.00 (8% of monthly rent)Other Expenses:  $?????

First issue I ran into: my homeowners insurance was going to be WAY higher than I expected.

Talk to a CPA but here is a good article about it.https://www.investopedia.com/terms/d/depreciationr...I am not a CPA or expert but I was curious so I ran the numbers you provided with the following assumptions: You are in the 24% tax bracket, this condo has been rented since 2012, the full 240k is depreciable (land is not but since it is a condo I just assumed there was no land rights but if there are the depreciation will be lower).

I ran about 55 rentals in WV and had an issue with Heroin and Meth (my Dad's properties that I had to fix the situation) ... don't want to deal with drugs again.  

Mostly because it shows how incredible of a culture the Cleveland real estate investors have, and also that I have nothing to add to the conversation.

I ran some numbers and based on a 30yr fixed loan with low to no interest (because I think this might be the arrangement my parents would be open to), it appears this could potentially cashflow at least close to around $500 per month based on loan payments, property taxes, and other expenses like HOA dues, garbage, repairs, etc.

I also found that I ran into deals from friends and family after I got my license plus having the MLS was key for me.