Besides being worried at adding complexities to my properties, I genuinely don't really know what people want, because when I travel I'm not spending the kind of money that people are obviously spending at these ultra high cash flowing properties.

In West Los Angeles, where I am building my ADU, the rent for a 2 bed and 2 bath goes from $ 3500 to $ 4000 per month.In some new complex 2 bed and 2 bath goes for $ 5000.Since the cost to build is reasonable around max 250 K I think is a good deal.Where do you buy a 2 bed / 2 bath in LA for $ 250K? 

For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.

For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).

I can share video of things being stolen from our apartment complexes. 

I don't have any apartments in the traditional/complex sense either, and I'm sure that turnover is higher in those.  

This is a super complex business model end of the day. 

A 1031 also adds complexity and timing pressure.Watch Out For:Opportunity Cost: Renovations tie up cash that could go toward other investments or reserves.MTR/STR Management: These models require more time and effort than LTR, even without a property manager.Market Risks: WA properties may appreciate slower than expected, and higher costs could reduce your margins.If cash flow is your priority, option 1 (renovate and STR/MTR) likely offers the highest upside.

This is a complex question, that requires answers with exceptions, caveats, and explanations, but here are rough examples:A.

The beauty is, you can rinse and repeat, moving your equity up the ladder of properties, from a small duplex in Austin to a bigger aprtment complex in San Antonio, or even pivot into a promising commercial spot right here in the Phoenix area.I remember a friend of mine who started off nervous as heck about his first exchange.