Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).3) Adding an ADU is a slow process.

Hey all, I am new to real estate investing and am accumulating my resources to begin investing with the BRRRR strategy in a year-year and a half time frame. 

Just because you create the acceleration, it doesn’t mean you can use it – you’ll not lose it, it accumulates for later, but no point in doing it if not able to use it right away.

After you accumulate 4-6 houses, in 12-15 years.

We chose to go wide, buying 10 SFRs with 20% down, and then we used the debt snowball to accumulate rents and pay off the mortgages quickly.

When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.

Leverage can speed up the accumulation of wealth, but it also raises danger.Cash Flow: Keep your real estate investments centered around cash flow.

Here are some observations:The leading 8 listings have accumulated between 40 and 57 reviews in the past year.5 out of 8 listings feature 2 bedrooms and 2 bathrooms.2 out of 8 listings are studios, with the top-performing studio amassing 44 reviews in the past 12 months.The average daily rate spans from $116 up to $526.Next, let’s examine the most prevalent amenities among the 30 listings in this vicinity.The chart below illustrates the top 100 most common amenities in this neighborhood.

Reality check: when structured for maximum cash accumulation, the agent makes very little off of the purchase.

Over the years some brick cracks and other outside work has accumulated.