Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

If the existing ceiling paint is damaged, the ceiling must be scraped, repaired and painted.

Overall, it can be a profitable business, but most people get into it to become an investor and 99 percent fail right away because they don't know the slightest thing about repair costs, talking to sellers, and are only in it for the money and not to help people.

Do post back here at a later time with your observations on the repair dispatch process and pricing.

Keep in mind you need to account for soft-expenses as well such as Vacancy/Turnover, Maintenance/Repair, and Capital Expenses.

Let me know if you need assistance to locate a lender!

Quote from @Sarah Anthony: Hi,My name is Sarah and I am a 30 year old dental assistant, new to Real Estate Investing, and eager to build a network.

Relevant.I'm looking for a top notch course to assist from A-Z on how to make a first investment property and make it cash flow.

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

If you need assistance feel free to reach out.