Purchase price: $232,000 Cash invested: $18,000 My real estate investment journey began with a leap of faith when I purchased my first investment property—a charming but very needy fixer-upper in Connecticut.

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

Purchased in a desirable part of Oakland (Glenview area) as an owner occupant in 2019.

That should be your focus, not how to purchase the land.  

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

And if you have to cancel a policy for this you usually get the pro rated premium back so it pays to check and change it if you have to.

They were good purchases, even good deals.

Be careful of some of the lending requirements that may ask what your intention of the purchase is. 

Purchase price: $76,000 Cash invested: $25,000 Bought a foreclosure to fix and rent.

Unfortunately, I tend to agree that they really are not concerned with whether or not you have to cancel bookings.