When you look at a property make a list of all major capital expenditures roof hvac etc.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

That is an easy list to build and a much better and safer option than more creative like Sub To.

And lastly, I search FunishedFinder listings nearby, find comparable properties, and track the listed rent for a few months (does it increase, decrease?).

There are also a lot of agents who tend to get pocket listings or know before a property hits MLS. 

I always make sure that the properties are cash flow positive, but the large bulk of the money I make from them is from the other items (appreciation, debt paydown, tax benefits, etc). 

2 - What RE Market data3 - What Demographics4 - This is an after purchase, not a before purchase item.

(The B Side Motel in Bandon is one) currently listed for $2M+ combination of 10-12 units and RV hosting.

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have.