@Kendric BufordRecommend 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?

Each value add step in lumber is a doubling impact.  

If it crashes hard enough, it impacts your personal finances, your relationships, and even your mental/physical health.With the exceptions of politicians and so-called charities, building wealth typically requires sacrifice and time.

We get into RE to have a positive impact on our lives.  

Consider adding this cost into your annual expenses, as it directly impacts your ROI.Incorporate Your 401k Loan Payments:Treat the 401k repayment like any other loan.

Make sure you know the impact that adding an ADU will have on any rent control.12) investors seldom include the land value in the overall ADU costs.  

The shorter the prepayment penalty period, the more it has an impact on the rate.

Many Chinese people invest their money into US assets to hide and prevent them from China seeing it, but that's a completely different story.David Greene, one of the most impactful Bigger Pockets user and host of the Bigger Pockets show, wrote the book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties".

Did you notice which of your updates made the biggest impact on your final sale price?

Impacted Areas.