Do you have a strong lease that you understand and can enforce?

However, higher property values mean there’s also potential for strong rent growth, which can help balance out the numbers when you refi.

Both have perks and strong demand here.

If you're thinking about auctions in other areas like Phoenix, San Diego or Austin, I've built a strong network over the years and could introduce you to some folks who've been down that road.Pat and JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

Building credit and a strong foundation are huge accomplishments, and West Palm Beach is an exciting market for house hacking.

I still find the rents to be strong with a fairly decent tenant pool to choose from.

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!

As a new investor, you should be looking to put together a strong, experienced team to help you side step any landmines you are bound to run into.

I strongly advise consulting your attorney before engaging in such matters, as their expertise can provide you with a solid foundation of knowledge and guidance.

Even if you did entire build yourself, I think you are looking at 2.5 times your estimate and a lot of work and time.I suggest you go to some meet ups with an emphasis on understanding the value added by ADUs.