If it is an accessory unit, the underwriters of your loan and the city may consider this property still a 4 unit.That being said, if you can get it to work as a 4-unit, then I think you're golden.

This is something I find important because many normal institutions around my area don't do commercial loans unless you have a golden credit score and can show proof of liquid funds to repay the loan back ten times over.I also hope this helps new RE investors keep their heads up when everything seems to be throwing you to the ground.

Googling one owner at-a-time, FB'ing them, tracking them down on LinkedIn, et al, is a mind-numbing task, with some owners taking days to track down to some small village outside Tokyo (actual example), or staying awake until 3AM so that I may possibly catch the owner right before their lunch break, halfway across the globe.

If you haven't listened to the shows, I highly encourage you to check them out as they are motivation boosters as well as filled with tons of golden nuggets to help newbies like us.

Getting in first is a golden rule especially these days!!

When people apply the golden rule toward me I return the favor, when the don't you leave me no option but to act accordingly.

Fulltime jobs help create an initial investment principal and provide for basic needs, but beyond that they can become a miserable golden cage.

If you are nearing retirement and just want the passive income from your existing rentals to fund your golden years, maybe it makes less sense.

Any golden rules that any of you follow.

Historically, most investors aim for the golden 10+% cap rate for LTRs.