Quote from @Lamier Guzman: Quote from @Wale Lawal: @Lamier GuzmanWelcome to BP and thank you for your service!

For the most part, due to interest rates, breaking the 1% cap rate still won't provide positive return after expenses.

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

You can apply for permanent residency after five years.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

A couple of follow up questions. 1) After the 1031 exchange, and then after the follow on 721 contribution, I own an interest in a partnership held by the UPREIT.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

However, after he saw the quantity of ADU applications come across his desk to plan check he went out and started his own consulting company.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

When a PM does charge a markup, he's usually getting a discount on the service to keep the cost stable.