Purchase price: $164,000 Cash invested: $10,000 Sale price: $260,000 I purchased a townhome in an up-and-coming neighborhood with a lot of public and private investment in the Atlanta area.

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

I don't know the character of the neighborhood.

Focus on neighborhoods with strong rental demand and growth potential.Also, make sure your numbers work—factor in all costs, including rehab and holding expenses, to stay under 70% of ARV.

However, not so far away, we had another investor who tried the same strategy and it failed miserably as comps with standalone ADUs were not adding value the same as in the market not so far away.Research your market, even down to the street in various neighborhoods well. 

We don't compete, and lower priced neighborhoods still need that service.Everyone starts out with the idea that they are going to work to the highest moral standards, but when you are in the thick of it and you just don't have the cash to close and maybe 10k earnest money on the line, you may start to tell yourself it is legitimate to cancel the deal, after all you have that clause in the contract.

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa.

Hi there @Brandon Brown - We've done this several times....we recently did a 400 amp service for a 4-unit building in Logan Square Neighborhood of Chicago. 

@Erick HenningsHouston's emerging neighborhoods include East End, Third Ward, Heights, Spring Branch, Independence Heights, Alief, Cypress, Pearland, Richmond/Rosenberg, and Conroe/Woodlands.

I live in a rural residential neighborhood that has recently been zoned medium density (townhomes).