If you don't have such a person, you can go to a third party service like VerifyInvestor.com and pay a fee for them to review your financials and generate the letter (from an attorney).

My Wife and I are looking to purchase our first rental to start building cash-flow (typical story, building generational wealth).

I currently manage two single-family rentals, each generating 10% gross cash flow.

Buy a 1-4 family and even rent out the other bedrooms in your unit, to generate more cashflow.

How to find Off-Market Properties that Produce high Roi.When it comes to real estate investing..It really comes down to finding Properties that are high value and generate ROI..And if you’re not finding properties that high value and can generate Roi, the #1 tip I can give to you is..Hire someone to show you how to do it..Every deal you get needs to have the capacity to generate high ROI..I see so many Real estate investors who try hard to find deals and when they find deals, they offer freaking high offers to get those deals..Why..

Similar to real estate, ground up construction typically has higher risk because time factor can play a more important role and there are no monies generated early on. 

Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

Hi Farman,For us and our goals, we look for areas that can potentially generate the 1% cash flow rule.

During this time you are not generating any return from the money invested in the ADU.

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