Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------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?

Even with having made improvements, anyone selling now who purchased in 2022 should be expecting a loss.

Renovations were quite a bit more than we had expected due to more issues than we were aware of.

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------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?

Those costs are a lot higher than you might expect.

I expect to outperform these numbers.

Tenants should pay  utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.  

I will submeter the electric and water (no gas) to the ADU.Or do I see if I could get a discount on the impact fees(prob fat chance) and get permitted in 2019?

Might be time to have a conversation about expectations—or consider other options if he’s not the right fit.

Seemed legit and expecting to hear back from them today on some proposals for a project I am working on.