We only lightly sanded/roughed surface of cabinets after a thorough cleaning and time to dry, then we primed with a water base heavy duty primer (we used 1-2-3) and got Enamel Sherwin Williams paint (like $100+ gal). 

This is causing water leaks.

Thanks for sharing the idea that Fix-It-All absorbs water and can promote rot in the wood it contacts.

Inspecting revealed a water leak from the second floor, above the garage, that shorted the light.

It's not for everyone because of the more hands on management it entails but the returns can blow most long term rentals out of the water right now.

If you find an attractive deal, you should be able to pool capital and perhaps negotiate some 'sweat equity'!

You're not just learning from one person; you're tapping into a diverse pool of knowledge and experience from everyone in the group.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

An updated roof mitigates potential water damage in the future.

I’m planning to update and repaint, maybe increase rent on one side to 3000-3100 while I live in another unit and replenish to legalize garage space.Monthly payment: $7033. landlord pays for water, everything else is separate.It just feels very tight in the beginning before getting ADU gets legalized.