Why add an ADU if it can be purchased cheaper?

You purchased in 2020 so you're experienced in high-demand, competitive markets.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

My husband and I are approximately 6-12 months out from executing on our first real estate purchase.

These are our first two rental property purchases.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

How do you usually approach unexpected repairs or big-ticket items?

This is more than enough to do PML's whether you originate or purchase from a broker is up to you.

If your doing REI to it's full potential, you don't pay 100% of the purchase price up front in cash.

Hi Thu - Congrats on your first STR purchase—so exciting!