The ARV on small multifamily can be a bit tricky as most appraisers will like to use the comparable approach as to an income/NOI approach typically used by larger (5+) multifamily properties.

Purchase price: $171,000 Sale price: $185,000 Contributors: Peter Vekselman Partner Driven teamed up with Nathan Ward to secure a profitable deal on Day Rd in Leoma, TN.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

I am seeking mentors and or guides to help me invest in business that can eventually help offset W2 income tax.

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

If I do, I need income to get me to 59 ½ because I can’t access my retirement accounts until that age.

You also need to accommodate tenant schedules for showings.Relisting later might reset your listing's visibility, but delaying could cost you more in lost income.

I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income. 

For all multi-family properties we always handle the lawn care as there are common areas so we can't expect the tenants to care for it.When sending the security deposit claim we state the additional cost that is owed for damages even if the entire security deposit is claimed for other damages.

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.