You won't be managing from afar, so find a quality property manager before you find houses.

The potential issue is that he may have gotten his interest rate when rates were lower and you may get the deal at a higher interest rate which can potentially have the deal at break even or at a loss.The quality of the deal will depend on what your net income is and what you are putting into the deal.If in the above example and you have the same net income, the deal sounds amazing if you are putting in $200,000 because you have a 10%+ rate of return.But if you are putting in $2,000,000 the deal is horrible because you are making 1%

You could also try to find an older toilet with 3.5 gallon flush instead of the standard 1.6 gallon that is the standard now. 

@Cardiay WatsonPerhaps you can use a standard lease form and just specify only the garage is being rented out?

Furthermore, I compare their costs with the averages we have on such buildings and standard estimates to make sure they are in line.

Checking online reviews and ratings can also provide insight into the reliability and quality of a handyman's work.

Hey CJ, I definitely don’t think you should be lowering the standard of good service.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

I quickly made an account because my partner got tired of me asking her to post questions.My question is: Currently, we are not required to build to ADA standards, but our unit is perfectly set up to be ADA accessible.

Your state may have laws that add to the federal FHA/ADA laws, as those laws are considered minimum standards. 3.