Unlike the free trainings I had been to before, this one gave clear and concise action items I could begin to implement on my own the next day.

At the end i will add a list of items why adding a single ADU in single family zoned areas may not be the best RE option.The most common value add is via a rehab.  

With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that. 

Look at insurance and tax costs, those two items are the biggest killer of cash flow.

The owner also needs to save for big ticket items that may need to be replaced every 10 or 20 years such as AC, hot water heater, furnace, roof.  

Will itemize for brevity purposes:- Mother wants to move to Saint George, Utah and get a home in a 55+ community- Me (son) has cash and wants to buy the home for her.

So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.

I would try to buy properties starting at a specific date so not large ticket items come up.

Stock Market = Multi-Unit Property = Established Business = Payoff rentals = Hard Money Lending = The ideal situation is too invest in the item that will get you the highest return and lowest level of difficulty / time spent.Best of luck

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.