Today we drove to Johnston County in order to oversee a home inspection on a property Tiffany intends to buy and then rent out. She intends to buy this property for around $80,000, almost $20,000 under asking price, and rent it to two people because it is a duplex for around $1200 a month. I learned about the 1percent rule in which every property should rent for at least onepercent of the total price of the property each month. Her mortgage on the property would be around $450 which means she is making almost $800 a month on this property. Eventually, she wants to have a monopoly of the street and rent out every property on the street. She doesn’t know if that is possible because the house next-door had been condemned and deemed inhabitable for humans and some of the other properties are in such bad condition she would have to put a lot of money into renovating them. However, a monopoly of the street allows her to control rental pricing and comparables for selling prices in the future. In the home inspection, a home inspector drove out and tested everything in the home from the heating and cooling systems to the stove, the paint to see if it was lead paint all the way to looking underneath the house. We should know on Monday whether or not Tiffany will purchase the property.