I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

This along with a multitude of other issues ate through every bit of reserves we had before we made much of a dent in these rehabs.

South End is great for appreciation-driven investors who want to be close to the action.NoDa (North Davidson): The artsy vibe and walkability have made NoDa a magnet for young professionals, driving appreciation in this district.Kannapolis: Known for ongoing revitalization projects, Kannapolis is positioned for appreciation.

I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars.  

I can't wait get to #5+ What made you interested in investing in this type of deal?

I made that mistake with a 2 bedroom condo - after 1 year, I had to shut down operations due to HOA rule violations of NO short-term rentals less than 30 days.#8 The 30 day+ rule -  Certain places Airbnb is outlawed or a softer rule is the 30day+ rule.   

And an argument could be made that since she doesn't own more than 50% of the property that the entire ownership structure of the property equates to a non-related party for you (much like an LLC). 

We both have good credit but my lender made it seem like there was no getting around putting less than 25% down on an investment property.

If substantial renovations or capital improvements are made in later years, those improvements may qualify for new bonus depreciation.3.