Just my advice - research is key, so take your time to learn and define your strategy.

Having a plan to reduce the price or offer incentives can help get tenants in there faster, which is key to keeping your cash flow steady.Overall, you’re in a good spot with that ADU, and with a bit of flexibility in your strategy, you’ll have options that can really work for you in both the short and long term.

Quick closings appeal to banks, so cash offers, or fast financing are key.

I live in Denver, CO but I have found a great group in Kansas City that provides great single-family home properties that are newly renovated and turn-key for long-term rentals (I'd be happy to connect you).

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

Something like leaving it unlocked or giving out keys to random people. 2.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Landlord pays water/trash. 3 units well under market (long term tenants over 7 years) market rents would allow for $6000 month ($750 per unit) There is no laundry at property.Turn key investment

@Sharad Bagri When structuring a partnership for your real estate investment, here are some key considerations:1.

He is a great and patient teacher, and after his 1-day class found thru my local Cincinnati REIA, and attending his 4-day bootcamp, my team is now seeking 30-50 unit buildings just to get started.