Any specific goals set up for 2025?

Read books like Set for Life by @Scott Trench and Start with Strategy by @Dave Meyer to get the mindset of starting on the table before going too deep into an asset class or something like flipping.

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

What do you all think about buying undeveloped land and setting up ADUs to rent out?

In the meantime, I'd recommend using the search function and set up keyword alerts to find other questions on land wholesaling, best investment strategies, and any other topics of interest.Excited to hear what you and your son have in the works, all the best!

Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

I’ll look into them.Has anyone ever heard of any internal goals set by the VA or VRMCO that motivates them to get a house off their books by a certain date?

However, termites can be persistent, so a regular maintenance plan could add peace of mind and prevent future damage.For example, your pest control company’s plan charges $995 upfront for termites and $22 per month for ongoing treatment.

I went out to Memphis in late July to set up a network of agents and contractors.

And once set, this shifts the focus to rinse and repeat, finding the next value-add potential and making magic happen again.