Houses that need less than less than $30,000 worth work so not something that is not too old.I am trying to do the same model as Dr.

My current understanding is that ADUs may offer better cash flow, although they may not necessarily provide superior appreciation compared to condo investments, considering the anticipated decline in interest rates over the next couple of years.Thank you for your expertise and guidance!

They are both located in San Diego, both have expertise in real estate, and both have experience in 1031 Exchanges (if needed). 

Developing expertise in auction processes and accurately estimating renovation costs are crucial.

I own 3 UPS Stores across two cities, in a full-franchise model.

But find a rental model that feels comfortable to you (house-hacking, it seems?)

We are looking to meet people with expertise that can help us grow our business and gain insights into real estate investing.

And if you're operating a property management company you should at least check the address and see if it fits in your model.

Hey Zachary,Thank you so much for the expertise!

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).