The next would be direct marketing, mailers, paid advertising, Zillow leads.

As part of the renovation, all of these were remedied however the violations were not cleared as I suspect the renos were done without the full permitting.The purchase agreement had a requirement to clear the violations prior to sale but the Seller and I agreed a fairly substantial seller credit to clear the violations as it was recognized there were risks around the renovation work and potential non compliance with permits that I may have to remedy.

I can recognize those “dude flips” from a mile away.

I suffered through this for 3 years before recognizing I had a problem. 

When the pandemic hit and the visiting scholars had to back out of their leases, I slashed the rents and advertised on Furnished Finder but my units are not particularly conveniently located near hospitals and the area hotels were offering to house visiting nurses for tax write offs.

Michael, I know numbers are always estimates but was their decent cash flow like they advertise?  

The pro is that if you refinance, lenders mainly only recognize one lease per home. 

Recognize that in California, single family homes can add one detached ADU and one attached ADU or junior ADU.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.