It’s fantastic that you’re diving into real estate investing.. especially multifamily properties, which can be a powerful way to build wealth and generate consistent cash flow.

What may the property be worth then and how much cashflow might it be generating?

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.

It will help a lot if you understand accounting and how the statements are actually generated.

With Baselane, you can easily generate reports for tax time that are organized and ready to hand off to your CPA.

Has anyone tried this paid program - Just Be The Bank: How WE Generate Passive Income & Wealth in Real Estate. 

I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!

During this time you are not generating any return from the money invested in the ADU.

Or a property where you could leave for a month in the summer, for example, and make 10-15k in STR revenue?

Quote from @Nadia Jones: Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well.