@Steve Hyduchak I won't pretend to know what is a better choice, pursuing a law career or not, but I will make this observation: While you are busy deciding whether or not to go to law school, your life has been moving along at a steady pace which will only increase as you age.

So the difference between the rules is even more significant than what you thought.I don't know where the author of the 'rule of two' invests, and I don't pretend to know the Alaska market but do your diligence and talk with local investors (at a club) to get a better understanding of how your market behaves.Edit - the 'rule of two' link is broken.

I guess all of us are wrong and you are the savior of the industry from all of us fear mongers, because you can google.I'm fed up with people who choose to pretend that nothing is happening or pretend to be experts by virtue of reading what they can google.

We can all sit here behind our keyboards in Ohio and South Dakota and wherever else that isn't Boston and pretend like we know what we're talking about.

I suspect that your LO was probably pretending they didn't know it was a duplex w/ an ADU, as that would have been an automatic decline, no questions asked, no matter your income, DTI, or credit.In order to make this property financeable with three units (one you live in, two that you rent), I'd suggest talking to the city/county about getting it formally rezoned into being a triplex.

You can pretend you are a goofy HGTV star. 8itch contractors around, and be stuck up and annoying.It's great!!

Let's pretend it's a 1200 sqft house in FL with an ARV of less than 200k.

In other markets cash flow can decrease over time as rent doesn't increase as fast as expenses  Anish, this was mentioned by 5 people in this thread (including you and I), and Mike n Ike pretends like we could ignore this.

you can share rent it to me next and I pretend I'm your cousin for 13 years and we split the profit (wishful thinking) :)

But say we are at the top of the market right now, and someone just paid top dollar for a house in a hot market (like North Bay San Francisco) - only pretend it's 2006.