.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

They said they would credit for the things they didnt deliver, but took credit from the task rabbit video for items I purchased separately, never replied on the work they did not do.

There are many loan officers who will intentionally lowball all the third party costs and prepaid items up front so their estimate will look more appealing.If you really want to compare multiple lenders then you just need to focus on the part of the transaction that the lender controls. 

It's easier to manage this property now that I sold the other one.I still have to see how much I will get hit by the IRS for 2024 (which is when I sold the other property)I have considered selling the one I have left (in 2026) but I would lose diversification because then I'd have 90% in the Stock market.

Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.  

Spring may be better but I was unable to sell a cheap house in October for 5% off of “market value” and only sold a $600k home in January by listing it for $580k and I still only got one offer. ($150k down, 5 year seller financing.) my point being you may get $20-$40k more in a year if you don’t need to sell. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

For example I just sold a house with an ADU in Los Angeles to an end user for $930K.