Purchase price: $160,000 Cash invested: $12,500Singe family house-hack renting two bedrooms in a 4-bed, 3 bath, 2-car garage home.What made you interested in investing in this type of deal?

Take the few extra hours it may take to originate the bank loan and divide it by the added finance charges and its normally more than most borrowers time is worth.

It’s just like buying a new car for $35k and getting the sport package for an extra $2k, relative to the car, the add-on is not expensive.

However if you buy in a neighborhood where people do care or all  your tenants have cars, you may get shut down quickly. 

I’m currently in the car business and I was looking to possibly make a change over into real estate in the coming year but idk if it’s worth doing anymore?

4 cars in the driveway and only 2 people on the lease?

In normal times i would think selling is typically the smarter financial choice, but at the current time keeping may have a significant finance (due to low interest rate) advantage.Here is a list of why adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Our only debts are a 2.875% mortgage with a balance of $124k only paying $897/month on an appraised value of $325k, daily driver car of $370/month, and use a credit card for monthly expenses, but pay the balance off with every pay check.

It is validating to hear that most of you feel communication about this matter would be normal/expected.

You normally handle the whole project yourself.