Extreme oversupply of STRs in a bunch of markets, due to irrational exuberance and massive overbuilding in 2020, 2021, and 2022.2. 

I know it may sound extreme (and maybe I'm paranoid), but what if you find a tenant today but come June/July they lost their job, took on debt, etc.?

Thanks Yes, worrying about the due on sale clause is a valid concern, as it could potentially trigger the lender to call the loan due in full upon transferring the property into an LLC.

Get a great Realtor Get a great contractor with real estate knowledge also pull the trigger. 

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit. 

Even though the JADU triggers the owner occupancy requirement, it doesn’t say how long you have to live there.

Hey Eyal, I am extremely experienced in the Detroit market.I own 12-doors there but live in California.

While still technically in seller’s market territory, inventory is well above extreme lows seen in recent years and has held steady for many months now.

My attorney has said it is extremely messy and possibly could have this hell of a tenant stay rent free with his junkie friends up to 6 months in the unit.

As in, would it sit for sale because it’s now “worth” 350k arv despite the ones around it in the same neighborhood being listed now at 250k, as an extreme example?