BTW; the heart-shaped tub is classic--all it needs is a '60s fireplace and more shag carpet lol

I believe your question speaks on a classic Fix and Flip situation.

@John Geary I like the idea of re-purposing existing attached or detached structures as ADUs.

Thanks  lately, the classic stock 60/40 bond portfolio is no longer working.

That said, being handy and capable of fixing/building things could prove beneficial in at least two ways:1) You can estimate more closely the costs of making changes/fixing/building which can help you make better offers. 2) You can have better ideas or ways to look at a property and imagine ways it can be improved or repurposed. 

It's a trade-off either way, you just have to decide which trade-off makes the most sense for your goals and needs.Ok, this has been another classic Mobley ramble, but I will make one last point.

And I feel like a lot of these people also don’t understand how much value luxury goods and high end luxury cars, classic cars and super cars hold.

I'm excited to take ownership of this amazing revitalized duplex with classic 1900s Detroit craftsmanship and styling you just can't get anymore. 

It's the classic "good, cheap, fast: pick two" problemTypically you can find decent management when you hit some scale (20+ units like an apartment complex or large local SFR portfolio), but it will be much harder to find good management for one or two properties in that class in Lubbock.

Classic forced appreciation of about 1.5x - 2x.If the property is maintained, I think (for whatever that is worth) in the short - medium term there is still some room for rents to go up a some (10%?)