So, I paid $650 for both the pumping and inspection.Unfortunately, the inspection revealed an undersized septic system (500 gallons) – they recommend a system larger than 1,000 gallons.

The process you are referring to is what we call a consolidation exchange, where you would sell multiple properties to buy a  larger property.

With the new/larger Valley Hospital in Paramus and several travel nurse postings around there, it seems like that may attract some potential renters to the area (at least from a healthcare perspective). 

There is a much larger learning curve for a renovation project than there is a straight rental - especially if you are not doing the work yourself.  

I am pursuing a few larger companies myself as I am building 3 different ADU projects this year, but I haven't really gotten started enough with any of them in order to give positive/negative feedback.Do you have financing already setup for your project?

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

., $200k-$400k) as down payments on larger multifamily properties (5-20 units) in growth markets, utilizing leverage.

Additionally, if you decided to STR/MTR your ADU, you will have higher turnover (with larger profit margins), meaning you can keep a closer eye on your unit for maintenance and upkeep.Please remember that every investment decision should be based on thorough research and understanding of your personal financial goals and risk tolerance.

With a 64x30 pole building that would be ideal for a our dog grooming/boarding business.

We were both relieved when we ended the arrangement and it took us a while to get back to the old ways.Let me ask you this: What happens later on when you have enough experience that you no longer need your friend's expertise and also have enough experience to make larger margins in your flips?