Since getting started we have learned a lot and have built quite a few systems and processes to increase efficiency and maintain consistency within our business. 

In 2024, I noticed an increase in BP leads that have been high net worth investors reaching out wanting to 1031 into bigger properties.

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

With no comps in the area for new construction and the highest rehab selling for 205k, building enough at the onset, 4-6 new construction homes, may be the only way to start a neighborhood turn.The city is looking to increase density in the area and add anchor points in near the area to cater to future investment. 

So spending 200k on an ADU will likely not increase your property value by 200k. 

These increases will likely slow to pace more in line with inflation.

That sounds like a lot of work and I'm sure he would prefer to avoid that work and just sell it for $1.9m or $2.0m.if I were to buy it from him, to get to cash flow neutral I would need to increase rent on all 6 units to market rates and my monthly payment would need to be close to $6.2k/month, which would be $100k down payment, $1.7m loan with seller financing at 2% interest rate and flexible ballon payment.What would you do if you were me? 

Exemptions to getting a 2nd FHA loan per HUD handbook are:-Job relocation 100 miles away or in another state-Increase in family size-Vacating a jointly owned home (ie - divorce or the like)