Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Keep in mind, I’m based in the Binghamton, NY area, which is more of a cash flow market with slower appreciation compared to other areas.

Looking to invest with Praxis, but wanting to compare their current offering with a couple more. 

When you researched markets like Austin las Vegas Miami, those markets have higher land cost and are more cyclical in nature tend to have larger price swings compared to regions with lower land costs.

If you purchased a property, it is recommended to perform a cost segregation study prior to improving / rehabbing the property as it is harder to document after the fact.

To decide, consider your ultimate goal, manage more tenants, and analyze potential fourplex properties to compare their returns.

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

Not as many compared to coastal towns after a Hurricane, but still some.

That's it, but a) print out a page for each property you think is comparable, b) make the list of repairs long and inclusive of everything you've done. c) Put larger items first like kitchen remodel......and don't just say 'kitchen remodel', list things like 'custom backsplash tile/Bosch appliances/recessed can lighting/pot filler/etc. d) Cite the price/value of the work done, and don't be afraid to be generous.

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.