I find this level of underwriting lacking with many flippers as well, failing to properly consider the holding costs, insurance costs, taxes, etc.

There is an unfinished basement which will likely be permitted to convert into an ADU but might trigger the installation of a fire sprinkler system ($30k).

So I’m in a bit of a bind, I have a duplex I’m house hacking we remodeled entire thing, new hvac, electric panels, electric main, updated plumbing, water heaters, furnace, install central air, roof.

Were they properly screened?

Do you have the knowledge and insight to handle any LT complaints and are you set up properly with your bank and security accounts and can easily collect the rent, etc?

My first thoughts is to install keyless doorlock, ecobee and make sure kitchen has everything needed by guests.

Partly for the strong casflow that we enjoy after 30+ years investing along with other reasons.I would probably not buy additional property all cash, but improvements and betterments will be paid in cash or at least quickly.Leverage is a great tool when used properly. 

When we acquired this properly in 2015, we used to pay handyman 20-25 per hour.

The new bathroom will be constructed within the existing structure, and while electrical wiring might be needed, plumbing installation is definite.

Virtually none of my units meet the current rules but all are legal because they were legal when windows were installed.   “(1) An enforcement agency, until January 1, 2030, that issues to an owner of an accessory dwelling unit described in subparagraph (A) or (B) below, a notice to correct a violation of any provision of any building standard pursuant to this part shall include in that notice a statement that the owner of the unit has a right to request a delay in enforcement pursuant to this subdivision:(A) The accessory dwelling unit was built before January 1, 2020.