There are many ways to get in the game, but I HIGHLY recommend house hacking with roommates if you can.

Maybe we’ll cross paths at a meeting!

But as I discovered, has no real significance to the apartment game, except for the ability to market and raise money.

With a 1031, you would have to meet stricter timelines (identify a new property within 45 days and close within 180 days) and use a qualified intermediary.Recommendation: The 1033 exchange is likely the best route if you’re looking to reinvest and defer capital gains, as it provides more flexibility.This post does not create a CPA-Client relationship.

It seems like there’s an opportunity here for the right buyers who still believe in BRRRR.Curious to hear from those who’ve been in the game longer—do you still do BRRRR, or did you pivot?

As long as the ADU is under 900 sq. ft. and meets the state building code, there will be no variance or special permit needed, so no ZBA or neighborhood meetings.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Remember, it's not about meeting all the right people; it's about meeting ALL the people.  

Finished basements can add value in some neighborhoods but they have to meet fire code restrictions regarding doors, windows and ceiling height.

I run a local STR owner meet up and would be happy to send pics and a description of the home to the group, one of them may be interested in buying it if you were wanting to sell.