When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

For someone looking for diversification or steady long-term growth without getting too hands-on, your suggestion of buying and upgrading a rental property in a familiar and appreciating area makes a lot of sense.

I have yet to see an underwriting that holds up to my scrutiny that shows that adding a hands off single ADU in single family zoned area that projects a return that justifies the effort and risk.

I want them to see the total picture and then keep whittling down to where they get close to say a 5% error rate. 

If the answers match, you’re probably in good hands.

I’m eager to learn from those with experience and willing to put in the work to gain hands-on knowledge.I’d love to connect with others in the community—whether you’re seasoned investors or fellow beginners like me.Looking forward to any advice or insights you can share.Best regards,

Turnkey properties offer immediate rental income with less hands-on involvement, while properties in need of rehabilitation can potentially appreciate in value.

Paying cash is safe and admirable, but it totally takes away this strongest tool of real estate investing.If I asked you if you could figure out a way to earn a higher rate of return than 7%, then you should be pulling equity out and rolling it into another.

Hi Michael, Using a HELOC to fund your first rental can be a smart move, especially if you want to keep your cash on hand for other expenses or future deals.

Rent in the neighborhood is $895 for a 2 bedroom, 1 and 1/2 bathroom, so for 4 units it will total up to $3,580 ($1,073 difference).