A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

These two factors were strong indications that we would gain additional equity, and maybe even increase our net worth.While it might be tempting to think that there is no way a house with an extra mother-in-law suite will be less valuable than a house with parking, it is worth making sure that you will have adequate equity when the project is done, and that you are not overbuilding the house.

@Michael BaumThe fact that you haven't taken further steps to build out the site is kind of an indicator of how you feel about it, no?

If you are producing "real" cashflow of 200 per month, this should already have vacancy, capx, and maintenance factored into which indicates that there should be reserves and accounts created that will pay for these eventual problems. 

To achieve this, we have applied the following filter criteria:Only properties with 2 bedrooms and 2 bathrooms have been considered for this analysis.We are only considering listings with over 30 reviews in the past 12 months.The findings are presented in the chart below:Here are some observations:The average daily rate for a 2-bedroom / 2-bathroom unit throughout the year stands at $308.Rates tend to be higher during the months of May, June, and July.Conversely, the lowest average daily rates occur in December, January, and February.It is important to note that the increase in the average daily rate during January is not attributable to increased demand, as indicated in the seasonality section.

This may be an excellent approach to obtain practical experience and pick the brains of those who are currently working in the field.Offering your assistance in property management in exchange for a teaching opportunity might be a novel strategy, as you indicated from reading Brandon Turner's book.

We've gotten creative with using the "Portfolio" filter with other motivation indicators to pick out some solid lists in our target markets. 

Another example where spring/fall inspections are a good idea.1) You can look for leaks and other indicators to catch problems before they get to be huge expenses.

And besides high HOA fees, low HOA fees can be an indication of high "one time" fees for improvements. 

If you are living in one of the units and you purchased proper insurance to begin with (indicating the property is a duplex and that one unit will be rented) you are likely OK now.One thing I wanted to note is that you remarked mold is excluded from the landlord insurance but mold is usually excluded on most property insurance in general - unless it develops from a covered loss.Again, these are generalities.