., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")

Then, as you buld knowledge & experience you can do bigger projects.3) The two above strategies can build funds to invest in rentals.

Personally I only use my HELOC on short term projects like flips, new builds and BRRRRs where I know I will be replacing the capital within months.You may be better off waiting a year and save up more cash or liquidate your index funds if the returns on a property will be better.

It gets to a point where your rehab costs for you and your projects are known before the contractor steps into the property.

Find yourself a good team who builds ADU's has a project management team and of course has all the licenses and insurances to protect your property.Quote from @Michael Adamo: Hi BP Community,I’m exploring adding one or two ADUs to a property I own in the Miracle Mile area, near 3rd Street and La Brea in Los Angeles.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

When calculating that into your analysis you’ll see that can eat up your profit real quick.

Hey @Chad GardnerI just did an analysis if St Paul multifamily purchases with @Adam Tafel for our Twin Cities Real Estate Investing Show.

It's a big PITA, costs more and sloes down the project.

I just closed on yesterday that is in Clearwater and closed for $660k with all furnishing and it projected to do over $90.