Achieving a great cashflowing property, learning the process while executing, and great satisfaction of helping a family.

The property I bought and am in the process of rehabbing is out of state.

We had planned on eventually redoing the kitchens and floors in both units once we turned over new tenants, but the evictions accelerated that process.

Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.

We are submerged in the process of learning all the we can; reading the books, listening to podcasts, watching the webinars, etc. and want to know more so we can get started with as much information as possible.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Start small, refine your process, and use your network to connect with local investors and seasoned professionals for guidance.Good luck!

Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

I imagine you’re right about the eviction and at the end of the day it will cost me some money, but at least I’ll learn the process and how to better screen tenants (I inherited this one).If you ever get up to Boston let me know.  

Any legitimate property manager will be able to handle the entire eviction process from start to finish.