Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

They really do stand out in a neighborhood plus I doubt you could get permits to build in a established area.Much easy to build on a larger plot of land in the boonies, which is where I see most of these.In the end, once you get them looking nice, you could have done a stick built house or even a log cabin if you can harvest materials on your land for about the same or less.

Farms are getting larger and don’t want small acreages.  

I wish I took a larger security deposit for those, so that may be a good idea as well.

Your strategy of re-marketing a 3-bedroom plus office as a 4-bedroom home office is a smart way to boost rental demand and rental income without major renovations.One insight I’d add is the potential benefit of exploring cost segregation studies once you build a larger portfolio.

It would be like being trained by a neighbor on dog walking and them giving you a piece of paper calling you a certified dog walker. 

I like connecting with lenders local to the areas because they typically have a larger network in the market and sometimes they're able to process the deal faster as well. 

While margins may be equal or higher on cheaper deals, you need to do more of them to yield the same cash output versus one successful larger deal.  

I know its the opposite here and Section 8 is FAR larger in those markets than it is in the PDX market ..

Prefer to have a purpose and develop, for larger gains.For now, starting to clean up.