You're inspiring many others to do the same and follow the plan of 'slow and steady wins the race'.   

Something to consider is to convert the pre-tax funds/assets to Roth so you have tax free atm withdrawals at retirement.  

It is a slow time in the market overall with the holidays this month and next.

Hi Mark,Sorry for the slow reply.

We didn't anticipate the housing market slowing when it did in August and now we are holding a flip that for all accounts should sell.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.

Fast solutions have slow problems.

Do better rehabs.  100% agreed mate,Safety comes in the volume.Something that I've "preached" for many years.It's not worth the time, money or even risk buying 1 or 2 or even 3 properties unless an investor has a growth type mindset and a will to scale to 10+.It's very simple, you own 1 and it goes vacant.That's a 100% impact on your income.You own 10 and 1-2 to go vacant.That's only a 10-20% impact on your income.It's also a very high likelihood that problems will always exist with 1 or 2 properties at any given moment...Plus, such markets (Ohio and Michigan) don't appreciate as much as many others like a Texas and Florida for example.Michigan and Ohio are slow movers and only recently (10+ years later) caught up to some of the other "higher flying" markets from a yearly growth percentage.Much success

US population growth slows and fewer new households form, which is probably not great for RE investors; and 2. the Social Security trust fund runs out.