Lilia’s breakdown of what to consider before investing is something I wish I’d read when I started.To add some color, I had a client a few years ago who purchased a duplex in Austin with a plan to hold for 12+ years.

There is a company names Hemlane that offers that "light PM" service that may be interesting for you instead of a full blow PM company that may cost 7-10% of revenues.

All of the above and there are many discussions and mathematical gymnastics that are in these forums that prove it works and doesnt work in both ways...consider a first position heloc if you want to utilize velocity banking concepts for mortgage purposes.I got one with CMG mortgage (they call it the All in One Loan) and it put me in positive light. 

Success:  Signing a deal with First WatchFailure: Bought a retail condo, not realizing the low ceilings were such a deal breaker for a lot of tenants.Pain: A lot of turnover this year, especially in light industrialAha moment:  Mortgage note investing needs to be a larger part of my portfolio2025 Goals: Less Investing and more pickleball!

@Aaron Zimmerman and clarify, I am the marketer, my husband designs lighting.

I suggest the first property should be turnkey, the second should be a light rehab (finish basement, redo bathroom).

Change all lighting to LEDTo increase revenue: 1.

Shedding more light on the topic of affordable housing in general... 

@Marinelle Tan Did the planning department give you green light specifically on partitioning 1 JADU and 1 ADU units out of the main existing house? 

Thanks for shedding light on how others operate and what is accepted as the new normal.