Adding a 3rd floor onto a building is far more complicated than most beleive.

That's a little more complicated answer starting with a few questions.What state?

You guys have pretty good deals and it seems less complicated. 

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it. 

This is all new to me and I know it can get fairly complicated, so I'm just trying to see if this is an avenue worth exploring for me.

Hi all,I feel like maybe I’m over thinking this….Last year my wife and I bought a townhouse as an investment to rent out to tenants. I now want put the property in an LLC to protect our liability. I have used a basic ...

The STR game is over saturated and complicated and no way a 70k investment will get you that anytime soon.

Underwriting this deal with a rehab that involves adding a unit might be unnecessary.

You do need to find a system to keep good records for your taxes, so if having more accounts helps you should do this but I believe it gets complicated quickly.

You can save 300 or so a month for reserves and still cashflow 200+ a month.If you realize the management/process is too complicated or a pain, or no one wants to rent your specific home, you can always pivot and sell the home then.