But for someone thinking about scaling and possibly repeating the strategy in multiple markets.. say, Austin or San Antonio-going the investment property route might provide more long-term flexibility.Have you noticed lenders trending toward stricter definitions of “second homes” versus investment properties?

Has cash flowed between $50k and $56k the last 3 years with upward trend.  

Is the trend going up or down?

That is the trend.

Look at rent growth trends, vacancy rates, and the area’s economic drivers.

This will show trends and help you see the bigger picture.

So it takes comprehensive knowledge of the market trends, zoning laws, the local municipalities approval process, survey cost, subsoil conditions, irrigation requirements, development cost, utilities (gas, power and internet), city water or well water, city sewer or POSW to name just a few...A builder developed the farm field next to our SD, bought it for $1.5M and wanted to build 25 homes as a conservancy subdivision.

Occupancy and Market Trends: How is the ADU market trending in Miracle Mile and nearby areas?

There is Cast iron, pvc, copper, pex, galvanized, lead, brass, stainless steel, hoses, flanged, threaded, waste pipe, waste fittings, vent fitting, gas, water and on and on.

I'm particularly interested in:Finding Mentors: Connecting with seasoned investors who can offer guidance and insights.Networking with Professionals: Meeting real estate agents, lenders, contractors, and other professionals who can contribute to successful deals.Exploring Joint Venture Opportunities: Collaborating with other investors on potential projects.Learning About Local Market Trends: Gaining a deeper understanding of the real estate dynamics in these areas.I'm open to attending local real estate meetups or cash flow groups.