My response is fair in that regard.My point is, paying for legal and tax entity planning gets you a far different answer than general, high-level nonchalant "water cooler" advice.A doctor may diagnose something vastly different after running tests and scans than he/she initially did just talking to you and hearing your symptoms. 

Either way, it doesn't affect my parents' estates or level of comfort much at all.

Hard money is also not lending on new construction and some not even on add a level projects.

Simply put, Cap rate = net operating income (NOI) / value. this is an important assessment tool because it allows you to measure the level of risk assoc. with a property, i.e. a higher cap rate means higher level of risk, and as such higher potential ROI.

.• As an alternative to providing income documentation, the Borrowercan complete a three month Trial Payment Plan (TPP), which willconfirm that their income has returned to pre-disaster levels.

After you have your neighborhoods narrowed down on the crime/economical level, you need to start with the going rental rates.

I'm in the education phase now as I'm keeping up with the podcasts and reading Set For Life now.I am slowly working on warming my wife to the idea of using some of our reserves to buy an entry level rental home/duplex, but have also started thinking about whether going to house hacking, even if it's more on the "luxury" end with having an ADU or separate mother in law suite might be a better approach.

Key points we are trying to cover:LocationSizeCurrent OccupancyPurchase Price Metrics - Cap RateReturn Profile - Avg Levered Cash on Cash ReturnHigh Level Bench-markingOperational IntentionsUpside potential

My personal belief is this can put their investor's money (and stress level) under undue pressure.

When you're buying in good areas where you expect both appreciation and rent growth over the long term, you won't usually find the level of cash on cash return that a lot of the gurus are suggesting.