Starting with a single-family can be a great way to start especially if you’re looking for a lower-risk starter project where you can get your hands dirty and learn a ton by doing.

We also disallow Level 1 sex offenders to the extent we are legally allowed to.

As already mentioned, you could sell via seller financing to lower AGI, as all you would have to claim is the payment income - until balloon payment received.Did know an investor that had 14 properties paid off and he moved into one every two years to then sell with the $250k single exemption.

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

Once you know who in your circle has $ to invest, you then need to understand their risk to reward level so you know what deals fit their bucket.

Price to rent ratios have skyrocketed everywhere and it's pretty unlikely rent will ever get to a point where it evens back out because at those levels it's just as cheap/cheaper to buy (not to mention most renters can't afford anything like that). 

I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.

I've had them long enough to keep pushing up rents so that I am at the top of my niche, but know not to exceed it because I'm just about at the point where if I raised rents another $50-$100 I'd be crossing over into the lower end for larger units.

There aren’t many residential development companies operating at this level, which reduces competition and risk.