This was helpful. 

When I contacted James Wachob, he downplayed her connection to FPM and implied he might have helped if I’d stayed with them.

To qualify you would have to spend more hours managing the ADU than you do working on your W2 or your business.

I'm happy to help! 

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

There’s so much to learn here, and I’m sure you’ll find it incredibly helpful.

This one is a big improvement because we'll gain a lot of space, a more "house-like" layout, and a garage, and a third bedroom!

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

I am not able to take equity out of my condo because it is currently on the blacklist due to HOA fixing the roofing and a Fannie Mae rule stating, if more then 50% of the condos in that community are owned by investors, I may not be able to refi.

Would be interested in connecting to learn more about your experience.