It’s important to highlight several key restrictions that apply to the Affordable ADU:No Related Renters: The Affordable ADU cannot be occupied or leased to the owner, any relatives (by blood or marriage) of the owner, anyone employed by the owner, or anyone connected to any entities involved in ownership of the property.Student Dependents: The Affordable ADU may not be leased to student dependents, as defined in the U.S.

My 1031 proceeds are half equity and half debt and I can not fund the debt component with any additional personal funds.  

Define your investment objectives and goals. 

I plan on submitting claim forms for properties I've sold that fall within the "Settlement Class" as defined by the US District Courts as part of the class action suits against NAR.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

@Megan Branson Buying sight unseen has a much higher risk component, especially if it is your first in the area (or with the current team members).

lol You have to define what you mean by "investor" and define what you mean by "top".

@Rodeline Paul a lot of investors are forced to invest away from their home areas for more affordable properties.Check out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

It happens.So obviously you want him out, but this is a mental health and  self defense issue with a tenant component.

Even the financing side is pretty straightforward math.Knowing what to look for in your initial tour, knowing how to ballpark renovation costs, knowing if contractors are taking advantage of you in bids are all components that can make or break a deal.Other tips, as noted: get the highest paying job you can out of school and save as much as possible.