Recently, more on the higher side since people can get 5% in a savings account. 

I applaud you and your wife for thinking about this so early and your apparently great ability to save money for this next step! 

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

Ask family/friends to help boost the listing (likes, saves, photo scrolls) or even book it at a friend/family rate! 

That little piece of paper saved him a fortune in legal fees and stress.Gather Hard Evidence: You’ve already got a strong start with appraisals showing the property as a four-unit.

Potential buyers (good credit, income, and savings) holding off because of high interest rates.

General Tips for ADU Investments in LA: Any advice on maximizing ROI from ADUs or common pitfalls to avoid when building and managing ADUs in LA?

But have been thinking about actually building a house as a padsplit, which would maximize bedrooms and roi.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

I’d say a save MINIMUM would be if you could earn that 5% return with 8 months of rent it’s better than the bank.