As we underwrite, new, small multifamily developments, and lot splits we are seeing that there are cash flow rental opportunities that we’re not there before.For example, a 1200 square-foot house on a .2 acre lot is now able to be turned into a 2, 3 or four unit small multi family with opportunities even to add an ADU to the back of the property.

When you have 100% more cash flow than you think you need, then you may be ready to leave your W-2.That example is the exact reason not to be a landlord.

Example: I define what zip codes (or neighborhoods) that I buy in.

There a lot of templates online and Chat GPT would also be a good resource that could probably get you 90% of the way there if you gave it an example template and your specific information :)

This is another example of why it’s so important to have a good team of experts around you to offer options and discuss the consequences before making any decisions.  

Take my office for example, we have over 1,400 doors under management in just my office alone.

Here are some examples- 3/2 in class a rents for $6k in my market.  3/2 in class c- rents for as low as $2.5k.  

Then, divide this by your estimated nightly rate.For example, if monthly expenses are $3,000 and you estimate a $150/night rate, your breakeven occupancy rate would be around 20 nights per month (3,000 / 150), or 67%.

Some example...$135k firm counter from seller and needs $40k rehab.

For example, since you are in St.