Mint allows you to develop your financial goals and then enables you to stick to them, while seeing areas you may be falling short or needing to “tighten the purse strings.”Of course, our focus is real estate, so if your dream is to purchase a home, purchase rental properties or a vacation destination, mint shows you a direct path on getting their all while remaining within your budget.

Walkscore can be an interesting metric to look at here as well.Features/Amenities/Age: Also obvious, but tricky to fully take into account because different renters value features/characteristics and amenities differently.Section 8 (and BMR, and rent control): Section 8 is a completely different market - I would not comp against these units unless your property falls into one of these categories.I hope that helps, and feel free to let me know if you have any questions.George

When you add on mortgage, utilities (remember you will most likely pay water/sewage which is expensive), you will begin to see the true % the property will fall under.Good luck and never forget to overestimate your expenses; it will save you in the long run.

So hoping that falls within those.

It's legal in a few states now, its on the ballot in CA this year, and if it passes, the rest of the states will start to fall too.I'd be more concerned about a pit bull than weed, and I've never used it.

Couple things, one you mentioned a triplex, that is a single family dwelling and financing falls under Dodd-Frank rules, he doesn't live there so he may be defined as an operator-dealer, secondly, you mentioned medical problems.Are those medical issues in his immediate family?

There are a couple things you can fall back on.

I think you mentioned you are retired and i would not fall in the debt leverage trap at 68.also you should visit the city and neighborhood of your intended investment before signing on any contract. you can scale upto 5 properties in next couple of years easily. property prices are at peak right now in most of mid south and midwest markets. they were cheaper three to five years ago and have barely reached 2006 prices.As far as buying your investment, wherever your number makes sense, invest with that company.

A lot of turnkey buyers are paying top dollar in some rough areas where if the bottom falls out those areas will be first to collapse or not appraise. 

Adamson said the changes "fall back to the premise that with property ownership comes responsibility."