The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

If not, they may consider building the ADU and down-sizing into it and renting out the main house.

Im a medium sized operator - 46 units- and my typical deal has an ARV from 200 to 230 when its finished.

I have seen and been in Airbnb in various conditions/sizes, would that be a problem?

So, something to think about.Next, what methods have you used to determine what kind/size of property to purchase? 

So depending on if you are using it personally and want to have it pay for itself or you just want cash flow will help determine where you should look and what type/size home you want to consider.Please reach out anytime and let me know if I can be of help.

They had an unfinished space counted as finished space increasing the size of the home by ~10%.

For a while I looked into medium size deals like 30-50 units in class B neighborhoods, but ultimately could not negotiate a deal to the point where it would have made financial sense.

Total cost of land and size?

[Click the image to see full size.]Real estate investing is for achieving financial independence.