Off-Market Deals: Building relationships with local brokers, real estate agents, and wholesalers can provide a steady stream of off-market deals, which are often less competitive and offer better terms.5.

We currently are under contract to buy a .3 acre lot in downtown that is in a frequent transit area, which means we are allowed to build two accessory dwelling units on the lot. we are also zoned for a duplex, so that’s the plan!

Sometimes a 6 or 7 pref isn't sexy but if it's a strong investment with limited variables to the cash flow stream then might be better than a pie in the sky investment where the odds of not turning out well are higher than doing good.

Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).

I also wouldn't dwell on this.

There are different names for the same thing (landlord, dwelling) but you don't need landlord and homeowners separately.

According to State Farm agent it should be "Rental dwelling" policy, not home owner policy. 

This is a great way to make a significant impact in your community and provide a new stream of revenue in the mid-term rental space.

Depreciation rules for the two definitions are different.A short-term rental (STR) is a dwelling unit that is used on a “transient” basis.

Accounting for approximately $10,000 of repairs, maintenance, and capital expenses per month, this still leaves a passive stream of about 20,000 to split between two partners.