Regarding Rob Beardsley he grew up in Silicon Valley and learned about real estate and tech from his parents, who ran a real estate brokerage firm from home, thus he had a built-in mentors and good networking to start with in addition to the capital that his parents have preserved for him so he got a good jump start.

In addition, once you get the experience of managing from afar you can manage from anywhere and invest anywhere.

I’m fairly new to the BP forums and BP site in general, But I have been very active on the podcasts and books stacking education and knowledge in the real estate field. 

Then, the home appraised at $205,000 without counting any additional value for the basement space. 

What is your process for underwriting a rental by adding an ADU (addition or division)?

List the property: Once you have professional photos, list the property on midterm rental sites like Furnished Finder, Airbnb, and Zillow.Happy to answer any questions that anyone has!

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

It's just that with Cali, there are many additional hurdles between you and success.

Additionally, a sewer line repair usually results in vacancy and lost rent--even more lost money.A new driveway can easily cost $5k on the low end, and plenty of properties in my area have $15-$25k+ driveways. 

I’ve already again talked to contractors and got good estimates knocking down this one wall adds aton of value to the house.I estimate the additional amount would be $200-$300 a month after a remodel.