Rent is not profit

Fictional practice: Spot what the ad leaves out.

• Cedar House: a made-up three-bedroom rental home, built in 1986.
• Asking price: $300,000. The ad says it rents for $2,650 a month.
• The loan payment would be about $1,497 a month. That doesn’t include property taxes or insurance.

Cedar House isn’t in any one state. Later, the specialty challenges show how auctions, land or multi-unit homes differ.