To qualify you would have to spend more hours managing the ADU than you do working on your W2 or your business.

We're a turnkey provider in Little Rock and Memphis markets and we provide management services as well.

I try to manage mine at $100/month/door. 

I was wondering how people managed to scale their businesses faster.

What's up Rickey, I'm a broker and investor here in Sacramento, and I manage about 100 rental / airbnb properties.

I would highly recommend getting your license for property management, and/or realtor.  

I manage a coinvesting club where we invest once a month in apartments, trailer parks, vacation properties, land and recently we even invested in an industriall company.

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?