After I have accumulated some cash reserves, I am going to start buying distressed properties, fixing and holding. 

I think it still could be an effective strategy if you have enough capital to pay the interest even if the cash flow from the investment doesn't - you could still be net positive on the investment when the deal goes full cycle and you pay off the loan and the accumulated interest. 

I agree but that would take a lot of time and legwork to accumulate the necessary data for MSAs in like 10 states that we're looking for.

My longer term goal is to accumulate single family and multi family properties to start generating recurring income.

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.

Like $75,000 of student loan debt that accumulates as much as my payments are every month.

This doesn’t mean the buyer owns the property, instead the owner has 3 years to pay off the debt you bought, which accumulates interest that the owner will have to pay back to you.

Its a good solution for the cash accumulation and non-portability problem.

Hi, we had a new renter move in May 2022, they did not change the bills to their names for few months at the beginning, after many calls and text messages they finally took the water and electricity bills to their names. they paid us back for the bills we already paid. but the problems still continue as they don't pay their water bill now, we just got a letter from the water company that they are 3 month due (ever since they change the name) The water bill now on their name but it is attached to the address so if they accumulate charges the city may place a lien on the property.

All these expenses easily eat away the gains I accumulated over timeWondering if other members typically purchase a home warranty of sorts to minimize these expenses?