Utilities, including common area will also be different.

@Chris Collins  Tenants usually pay all utilities. 

In most single family zoned areas adding a single ADU is not a value add meaning it will not add more value than the hands off cost of the addition.  

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways. 

At the end of the day if you run your numbers and analyze like 10 properties a day, and every single day scour the internet for anything new, you will eventually find something that works and know it almost immediately.

Are you looking at single family properties or multi to start?

.: Hi Everyone,I am relatively new to rental properties and currently own 3 single family properties as rentals.

Investment Info:

Single-family residence buy & hold investment.

Lived in this home for many years before buying another and renting this one out.

What made you interested in investing in this t...

@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

With a budget of $300K-$400K, you could potentially find single-family homes or small multi-units in those areas.I'd recommend researching rental demand near universities like Duke or NC State or even checking out neighborhoods with strong job growth near tech hubs.