Does it bring in good leads?

For those in the small multifamily space and who are still closing deals in 2024, how many leads are you looking at/week?

this will likely lead to you spending less money.

The purpose of this test is to ensure that the property generates enough rental income to cover the property's mortgage payment, including principal, interest, taxes, insurance, and homeowners association dues (if applicable).Key Points of the FHA Self-Sufficiency Test:Applicable Properties: The self-sufficiency test applies only to 3- or 4-unit properties being purchased or refinanced with an FHA loan.

Depends on how much capital you're trapping to generate that return. 

During this time you are not generating any return from the money invested in the ADU.

While they are indeed somewhat arbitrary, they provide a straightforward framework to filter out properties that are unlikely to meet my investment criteria.1% Rule: This rule helps ensure that the property generates sufficient rental income relative to its purchase price.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

It looks like Texas is leading the way in pet-friendliness, which is something to consider if you're a self-managing landlord.

My advice is to jump in and start getting leads and making calls.