Adding value and seeing how big the empire can get.

Make sure to plan for the added rental income/ordinary expenses on your tax return. 

Eliminate debt, establish a budget, and save.

Here is a list of why adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

We all should understand that investing in real estate has inherent risk that can be REDUCED but not completely eliminated, like any other type of investment.

We moved plumbing, adding electrical, and added new appliances in the kitchen. 

When you specifically mentioned STR experience and the possibility of something with some added "personal value" bells started going off. 

Low and behold, now they want us to put down another $40,000; the seller wants another $5,000 added to EM and seller's agent wants their commission of $4,000.Do the math: 190,000 + 15,000 + 25,000 + 4,000 + 4,000 (our agent) + 40,000 = $278,000 for a fixer upper.

This eliminates the problem of increasing your debt and damaging your credit score.

There is Intel headquarters, Amazon, FB, Honda, Amazon, Nationwide, and recently Anduril is adding another 4k jobs to Columbus!