I think in unit microwaves and induction burners and with a couple of common area meals/ week might make it work.

I do have floating rate agency debt, however, and rising rates coupled with lack of rent growth has been a drag on cash flow. 

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

We have been talking about investing in real estate for a couple of years.

However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves. 

I have listened to the Rich Dad, Poor Dad audiobook a couple times, but just a few months ago actually stated talking about it with my boss.

What's your schedule look like in the next couple days?

@Tyler Lingle I found a couple prior to even posting this (CIREIA Club) but was curious about others before making a decision on which one(s) to focus my time. 

@Loren Souers Couple of questions. 

I've had a couple OOS investors ask about ADU potential in our market... not sure what hurdles there might be with the city (permitting, zoning, or otherwise).