Which is too bad because in the end, they left with nothing. 

I have never seen a quadplex in Los Feliz / Silverlake sell for less than $2.00M.Now I did get a good deal on the house because it needed a lot of work, all in all will probably end up spending $500K between the ADU and the renovations (hopefully).

When I was 22, I did a house hack, and I highly recommend it.

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

Low vacancy rates, rising rents, and high tenant demand for more space/good school districts. 

Use caution when borrowing against your stock portfolio, especially if it's a high volatility portfolio comprised of individual companies.

Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

I like the idea of live in flips, but it's something that I would wait until the kids are out of high school before I did it.

My realtor recommended SDIRA Wealth, a company known for its high-volume new builds every year.