This property needed an extreme amount of clean up and haul away of items left behind.

But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that. 

An example of a mistake was a line item for alimony that I found on my taxes (I am single and have never been married).

In my area (near the beach) its mostly families and they want cabanas, baby items, chairs, coolers etc that we do not provide but I have a local vendor that delivers and picks up these items and charges a few dollars per day for each item, and give me a 20% referral. 

This is a key difference from traditional buyer agency, where the agent keeps this commission.3.

I have used both Traditional (pre-tax) funds, Roth and HSA.