And this does not include the real world issues, namely are you even allowed to convert this property to a four-unit and taking a single family to 4 unit is very likely going to cost more than $110k (but this depends on the actual layout and work scope).

I was under the impression that they were not allowed.

If you have a multi, I usually recommend not allowing tenants to store items in the basement.

Make sure if you’re allowed to post it on the door (assuming the tenant doesn’t answer when you knock) and take photos for evidence of the notice posted on the door.

Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.

The quicker cash flow may allow you to scale quicker if that is what you want while the better appreciation could increase your net worth more over time.

Then I did more research and found out the City of Inglewood does not allow you do STR with a newly built ADU.

The trustee was able to negotiate with us and allowed us relief to sell the property because there was not profit being had, they owed around 70K and we were selling for 25K.

Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.