It’s about the same for securing a Subject To.

I don't understand how $2200/month rent on a $292500 loan + taxes+insurance at 7-8% interest? 

Welcome to BP @Rich Benkleman.Great to have you joined us.

Take a listen to my episode on the RE Rookie if you'd like to learn more about cost segregation. 

The money to put towards turning my parents  house in a trendy neighborhood  into multifamily or just keep it and try to find better tenants which would net me around $1,000 a month profit?

If you are going to do this, my suggestion is do it right and to building code.

Quote from @Devin Conley: The Reno market does appear to have slowed down a bit this year, but honestly numbers are not totally unusual for the time of year.e.g. monthly absorption rates are down YoY from 33.4% to 29.1% But other key stats like price drop rate are look typical and are actually slightly better YoY (down from 31.7% last August to 29.9% this year) It's not crazy unusual, but August did have some notable things that you don't usually see in an August, like 11% of homes coming off the market unsold, 31 DOM, double last year, and 3.6 months of inventory is the highest August I see in my data, which goes back to 2015.IDK if my personal opinion is necessarily accurate, but I've never paid too close of attention to the price cut rate.

I only have a dozen properties but I spend less than an hour a month and half of that is accounting because I like doing it.

There is a monthly creative real estate meetup, currently in Saint Paul  listed in SubHub Minnesota FB group and usually 4th Thursday of the month.

Quote from @Anthony Jimenez: I’m thinking about going to the BiggerPockets Conference next month.