The @Dave Meyer book Start with Strategy will also be a good resource.

Its all a learning process. if they can continue to pivot and make adjustments, when necessary, they will do wonderful.

I’m already just trying to learn so much it’s exciting and im looking forward to this new chapter ! 

@Drew Sygit it says our house is worth around $325,000, I kind of understand what you're saying but we're still super new and learning yet.

I bet you'll learn just as much (if not more) for about 1% of the cost. 

Not to mention that I've also learned having two ADU's is a no-go for many conventional bank lenders. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Just there to learn from the other big dogs in the room!

Turned out great it is my favorite padsplit remodel Lessons learned?

Lessons learned?