What's "cost" of that 2-odd million?

That seems odd to me. 

It does sound odd to me that there are no inspections allowed.

If you’re using leverage, be extra cautious with your underwriting to ensure the deal still works at today’s rates.Economic Uncertainty: Inflation, potential recessions, or shifts in demand could affect rents, vacancy rates, and property values in some markets.Increased Operating Costs: Rising insurance premiums, property taxes, and maintenance costs can cut into profit margins, particularly for buy-and-hold investments.Regulatory Risks: Some areas are increasing restrictions on landlords, particularly short-term rentals.

Here’s how it works:Population Decline or Stagnation: If the population is static or shrinking, the current housing supply meets demand, and property prices decline (in inflation-adjusted dollars).

Perhaps I have an odd case but I paid $1.35M or $455 / sq ft for a 3,000 sq ft duplex on a 7,000 sq ft lot in Los Feliz.Once I add the ADU complex, which will be around $350K, it will be a quadplex, 4,600 sq ft of living space. 

That truly determines the successful from the unsuccessful, making it happen despite all the odds against you.I have a similar story of finding real estate and achieving financial freedom over the course of 4 years, going from 0 to over 300 doors.

In 2024 I can't do roofs anymore for 8k, so adjusting for inflation the 60k is probably going to be more like 80k.So how do you make this work long term?

AssetsAsk yourself: Do I want cash that depreciates with inflation and taxes, or do I want to build wealth?

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.