Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.

Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

After a Valentines purchase as well as a couple others, I was able to convince him this was a good move.

Our analysis was that after the 10 year NNN lease you'd have to put in a lot of capital and it wasn't worth it for us.

Then, after I sell the property in Aug 2024, after 5 months of vacancy with Suncoast - I get a call, saying I owe them a month's rent, because I didn't use them to sell my property.WHAT ********!!! 

Tax liens2.

You will want to fully understand the tax reporting burden you will face. 

At a high LTV your leverage will be magnified.If your cash flow really is break even (I have my doubts) then with the magnification resulting from leverage, you could produce a fairly good return (ROI from leveraged appreciation, equity pay down, tax benefits).Good luck

If you are comfortable with the rezone process I would look at this, and perhaps you can still ADU in future after the rezone.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.