Network with experienced investors, choose a real estate strategy, research markets with job and population growth, learn financing options, familiarize yourself with property management, develop a long-term plan, and leverage your stock experience to evaluate markets and trends.Good luck!

It’s an interesting opportunity if it aligns with your overall plans.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Not that that is a bad thing as some are on lower comp plans but they are at the mercy of all having "overlays" and have to sell their loans.

I'm also a big fan of backup/contingency plans.

Are you planning to rent the entire unit at the 2nd year mark? 

How do you plan to finance the ADU?

I download those into Geo Batchcode so I can plan an efficient route to check out those properties, and of course I take note of any others of interest that I see along the way.  

With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?

Review what happened and determine why each item was above or below your expectations so that you can properly plan for next year.Review your prior year goals.Did you buy all of the properties you set out to purchase?