I recall reading something in The Economist pointing out how these not-so-obvious markets often bring steadiness that flashier spots can’t always match.

It’s still a worthy strategy to force cash flow that’s rare to find in SoCal, especially if you can reduce the cost of construction by doing a conversion/using an ADU grant or even buying a property with an existing ADU In general, even if the ADU valuation matches your cost including grants, they are usually not worth it in southern CA in single family zones. 

A goal of 40 doors is theoretical and likely just matches the income that you want to get to that ranch, but managing 40 doors, especially when they are broken up into 15-20 properties is a bear for you or for property management fees (especially so if they are not all near each other).

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

By doing this, I can better match deals to their needs while creating a smoother and hopefully faster process for both the seller and the investor. 

Depending on the price range we generally offer $2,500 towards cost/buydowns for a preferred builder partners but our partners generally match that if not greater than. 

And then your REI income matches your W2 income the first time etcTo your question: equity is the name of the game.

My wife had a soccer tournament so I was bored today or I would not even be reading this stuff.   

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

FF will not send possible housing requests unless they are an exact match for what you offer or if the resident chooses to send a direct message.